Post on 01-Jan-2016
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WEIMAR REPUBLIC WEIMAR REPUBLIC 1919-19331919-1933
• Born out of the German Revolution of November 1918…. • Liberal Democracy that lapses in the 1930’s• Faces numerous challenges (reparations, Ruhr
occupation, Hyperinflation, political extremists on the LEFT and RIGHT, global depression, etc.)
REPARATIONS
• Make first payments in 1921
• Unable to do so in 1922, France decides to come in and occupy the Ruhr, Ruhr, Germany’s Industrial Germany’s Industrial HeartlandHeartland• Leads to run-away
inflation, HYPERINFLATION
and CATASTROPHY
HYPERINFLATION
Response to crisis of 1923..
• Dawes Plan-Dawes Plan- American Banks loan money to Germany so they can pay reparations. Circular-plan works…but only short-term
• Creation of new Currency, Rentenmark provides international confidence
Weimar RepublicThe Golden Years 1924-’29The Golden Years 1924-’29
• Goldene Zwanziger• Growing economy
coincided with decrease in civil unrest, but…
• U.S stock-market crash of 1929 changes all that!