WEIMAR REPUBLIC 1919-1933
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WEIMAR REPUBLIC 1919-1933Born out of the German Revolution of November 1918. Liberal Democracy that lapses in the 1930sFaces numerous challenges (reparations, Ruhr occupation, Hyperinflation, political extremists on the LEFT and RIGHT, global depression, etc.)
REPARATIONSMake first payments in 1921Unable to do so in 1922, France decides to come in and occupy the Ruhr, Germanys Industrial HeartlandLeads to run-away inflation, HYPERINFLATION and CATASTROPHY
Response to crisis of 1923..Dawes Plan- American Banks loan money to Germany so they can pay reparations. Circular-plan worksbut only short-termCreation of new Currency, Rentenmark provides international confidence
Weimar RepublicThe Golden Years 1924-29Goldene ZwanzigerGrowing economy coincided with decrease in civil unrest, butU.S stock-market crash of 1929 changes all that!