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hyperinflation in the Weimar Republic, economic disaster in the Weimar Republic in 1922–23 that impoverished millions of German citizens and paved the way for the rise of the Nazi Party. During World War I, prices in Germany had doubled, but that was just the start of the country’s economic troubles.
According to one study, many Germans conflate hyperinflation in the Weimar Republic with the Great Depression, seeing the two separate events as one big economic crisis that encompassed both rapidly rising prices and mass unemployment. The hyperinflated, worthless marks became widely collected abroad.
Dec 4, 2017 · Hyperinflation and the Fallout. Despite its new constitution, the Weimar Republic faced one of Germany’s greatest economic challenges: hyperinflation. Thanks to the Treaty of Versailles,...
The 1923 hyperinflation. In early 1923 German workers embarked on a prolonged general strike, a protest against the Ruhr occupation. The Weimar government decided to subsidise this strike, a decision that had a devastating impact on Germany’s already depleted economy. In 1922 the ministry ordered increased print runs of banknotes, hoping to ...
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What was Germany's Weimar Republic?
A map of the Weimar Republic from 1918-1933. Courtesy of The Wiener Holocaust Library Collections. The Weimar Republic was the new system of democratic government established in Germany following the collapse of the Second Reich . The first elections for the new Republic were held on the 19 January 1919.
The Weimar Republic had some of the most serious economic problems ever experienced by any Western democracy in history. Rampant hyperinflation, massive unemployment, and a large drop in living standards were primary factors.
Apr 5, 2024 · August 11, 1919 - January 30, 1933. Major Events: Treaty of Versailles. hyperinflation in the Weimar Republic. Pact of Locarno. Treaty of Rapallo. Weimar Renaissance. (Show more) Key People: Gustav Stresemann. Friedrich Ebert. Paul von Hindenburg. Carl Schmitt. Franz von Papen. Related Topics: reparations. German National People’s Party. Freikorps.
