Failures Of The Weimar Republic Essay

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This investigation examines to what extent the economic failures of the Weimar republic led to the rise of fascism in Germany, especially in regards to the importance of the hyperinflation of 1923 and the Dawes plan in conjunction with the Great Depression. Beginning with the end of World War I and the Treaty of Versailles, which set the foundation for the economic failure of the Weimar Republic, it will demonstrate the impact of other nations on Germany’s economy. However, it will also address internal factors which caused continuous inflation and only postponed the inevitable failure of the economy.
Through the comparison of these factors, it will be shown that the combination of internal struggles and failed foreign diplomacy,
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On November 9 1918 revolutionaries declared Germany a republic centered around a parliamentary democracy which ended the prior constitutional monarchy with the forced abdication of Kaiser Wilhelm II. Although heavily inspired by socialist ideas and the Russian Revolution, the leading party SPD decided to pursue a social democratic system which would eventually be known as the Weimar republic. From its beginning to its downfall the Weimar Republic, named after the place of its Constitution, was stabilized by constant internal and external factors and continuous pressure from both left and right radical…show more content…
During the July Crisis of 1914, when war seemed imminent, the German population withdrew gold coins worth 100 million marks in the last weeks of July, which resulted in the suspension of redemption of banknotes and coins into gold by the Reichsbank ( German national bank). In order to preserve the government's gold reserves, the gold standard was abolished by the Enabling Act of 4 August 1914. The circulating money supply quintupled from the beginning of the war in 1914 to 1918 to 33 billion marks, while at the same time the circulation of coins in the total amount of money fell to only 0.5 percent, compared to 56 percent in
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