To be able to judge whether or not Weimar had overcome their immediate post-war problems by 1929 we have to first establish what those problems were. First of all the economy in Weimar Germany, after the First World War, was in poor shape. The harsh reparation demands and wartime loans were haunting Weimar, who was already impoverished by the war. The real income of Weimar was two thirds of what it had been before the war and the population’s income was less than three-quarters of what it had been . Instead of increasing taxes to pay for the loans and reparations the Weimar government decided to print money instead, this leading to hyperinflation.
Hitler’s mind-set and determination, along with the support of Germans, to make Germany into a stronger nation once again led to WWII and attempts to revoke the treaty. Had the terms of the treaty not punished Germany so harshly, it is unlikely that Hitler would have had the opportunity to so easily gained the support of the German people, thus avoiding World War II. The unreasonable terms of Treaty of Versailles almost inevitably caused the outbreak of World War II, which clearly reflects on how the treaty resulted in failed peace in the
New ideas about civil liberties were popping up everywhere. On top of it all, the recovery from World War I was a slower process than they had imagined, especially due to the pressure of the Versailles Treaty. Overseas colonies were lost. Germany basically had to rely on its own resources, the same resources that were fully depleted during the war. Payment of war reparations devastated Germany’s wore-torn economy, and the result was hyperinflation.
It started with the treaty of Versailles, which lead to the Weimar Republic being blamed for that and all the economic problems that succeeded it. There were also problems in the constitution which weakened their power to make laws and eventually allowed Hitler to take control. Although Stresemann managed to relieve the pressure, it was the beginning of the end after the Wall Street crash that left Germany in depression. The people had lost all hope and looked to the party that was offering change, which turned out to be the Nazi party. While there were individual problems with the Weimar Republic, it seems that the situation would have been inevitable for any government taking power in their
Propaganda was a ploy commonly used throughout history that deceived many with images deliberately created for people to carry out certain acts or believe in false ideas. Such is the poster depicting the German Kaiser, Wilhelm II under a massive, silver coin. The first world war had been taking a toll on the British economy. Britain was not prepared for the financial demands that war posed and as a result, an increased number of people were paying income tax and the British government decided upon taking the civilians’ money as well. On the other hand, in Germany, both civilians and soldiers were facing starvation due to German supply lines being cut off.
In 1933, Franklin D. Roosevelt became the president of the United State after President Herbert Hoover. The Great Depression was also at its height because President Hoover believed that the crash was just the temporary recession that people must pass through, and he refused to drag the federal government in stabilizing prices, controlling business and fixing the currency. Many experts, including Hoover, thought that there was no need for federal government intervention. ("Herbert Hoover on) As a result, when the time came for Roosevelt’s Presidency, the public had already been suffering for a long time. Half of the banks had closed their doors, more than twenty percent of the US population was unemployed, and the economy was lacking regulation.
The world economy after the war smarted from a loss of productive resources, industrial capacity and changes in the structure of international trade and finance . Additionally, the political disputes and persistent inflation of the 1920s prevented European economic growth, and caused many countries to turn from international to nationalist policies, accounting for spreading protectionism throughout the continent from 1919 . This contrasted greatly with British endeavors to return to the pre-war arrangement of complete free trade. Britain’s movements against the grain of international trade reduced the competitiveness of British producers in the face of foreign subsidized competition in international markets , thereby indicating the
Initially the Long Depression’s profound negative effects on the European economy sparked nation’s interest in resuming imperialism. This harsh economic recession lasted for an astonishing twenty-six years (1873-1896), caused the prices of goods to decline, and put pressure on the government to protect their country’s economic strength. European nations relied on the Second Industrial Revolution to push them through this economically trying time. Unfortunately, the Second Industrial Revolution’s intensity lapsed during the 1890s because scarcity of materials to produce commodities rose and the amount of markets to sell in shrunk. This impediment did not interfere with countries such as Great Britain, France, and Germany from contending with one another.
France had already devoted 25% of its budget to the army and navy and about 50% to pay off the debt, the further expansion was inevitably deemed to worsen the economic situation. Britain was also in debt as a result of the wars but Britain’s highly advanced fiscal organizations such as the Bank of England was able to compact the implications via low interest rates unlike the debt in France which was financed at twice the rate of interest compared to that of Britain. The unreformed and old fashioned fiscal institutions in France’s couldn’t resolve the debt like the more modern state of Great Britain. The fiscal negligence was a crucial factor in the French Revolution, if it abandoned its participation in the wars that led France to accumulate a substantial amount of debt it may have been able to avoid the revolution that was to
(Doc 2) Still shaken by the events of World War II, where German leader Adolf Hitler invaded France and much of Europe for land power, de Gaulle was fearful that a Western European union with German leadership would undo the resolutions of the war. France, having been allied with Britain in the previous wars against Germany, wanted to renew this alliance in the form of a European Union under French and British leadership. However after the formation of the European Economic Community, an organization promoting economic integration among France, West Germany, the Netherlands, Belgium, and Luxembourg, 21 years later, Charles de Gaulle took a different stance on leadership in Europe. (Doc 8) Having been rejected by Britain in the earliest unification attempts, de Gaulle became supportive of a sans-Britain Community. De Gaulle’s view, removed from the immediacy of French-German conflict, started agreeing with the idea of a French and German led Community, united by similar economies and therefore similar interests.