How significant was the impact of the great depression on Germany?
Introduction ideas
Hypothesis
Depression had a significant impact, but the were other factors contributed.
Context
Post WW1 Germany
Defeated nation
Punished by T of V
Controls on military
Reparations
Revolution that resulted in it being an unstable democratic republic
Weimar Republic Jan 1919
ECONOMICS
1929 Great Depression -
What was Germany like before hand
Wages one third of pre WW1
Germany virtually bankrupt
Industrial production two thirds of what it used to be.
SOCIAL ISSUES
POLITICS
Gaps between rich and poor.
deaths of 600,000men - families
Womens rights - after working in factories.
Hyperinflation
1923
Stressman - Negotiated Dawes Plan 1924 - huge financial loans to rebuild industry and to stimulate economic life - trade, employment
Spread out reparation payments over longer period
Dawes Plan worked - 1928 Germany achieved same levels of production as before 1928.
Time Bomb....
The plans works (worked) as long as the US economy was thriving
Wall Street Crash 1929 = end of Dawes Plan... and demands for load to be repaid.