- Rather than becoming self-sufficient, the economy of the Weimar Republic became too reliant on foreign capital and loans. When the United States economy began to fail in late 1929, the effects in Germany were particularly severe. By the end of 1923, Weimar Germany was in a parlous state both politically and economically.
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The Weimar Republic was severely affected by the Great Depression. The economic stagnation led to increased demands on Germany to repay the debts owed to the United States. As the Weimar Republic was very fragile in all its existence, the depression was devastating, and played a major role in the Nazi takeover.
Nov 29, 2021 · In order to understand this better, It is important to understand the history of the Weimar Republic. The inflation of 1920-1923 wiped out the savings of the German population who were later crushed by the 1929-1933 depression where if we count itinerant workers or what we call in America the off the books employees the unemployment in 1933 was 50%, In 1933 US it was 25%.
The United States and the Weimar Republic: America’s Response to the German Problem Lloyd E. Ambrosius Chapter 183 Accesses Abstract America’s response to the German problem after World War I occurred within the intellectual framework that Woodrow Wilson articulated and epitomized.
- Lloyd E. Ambrosius
- Fears of Communist Revolution
- The Dawes Committee
- The Dawes Plan
- Reviving The Economy
- Nationalist Objections
- A Superficial Measure
- The Young Plan
By the end of 1923, Weimar Germany was in a parlous state both politically and economically. Germans had suffered through one of the worst currency inflations in human history and many did not expect Friedrich Ebert or the government to last another year. Washington watched these developments with an anxious eye. It was highly concerned about the G...
As the German economy approached meltdown, the prospects of a communist revolution or a militaristic coup loomed large. The National Socialists’ failed Munich putschin November 1923 seemed an omen of things to come. The United States was also concerned that the collapse of the German economy might cause shockwaves across Europe. If Germany could no...
In 1924, Washington organised a ten-man international committee to investigate the situation in Germany and consider the problem of reparations. At the head of this committee, they placed Charles G. Dawes, a wealthy Chicago banker, a veteran of World War I and former brigadier-general. A no-nonsense man who spoke as he thought, Dawes told delegates...
In April 1924, the committee submitted its proposed solution to the German question. It formed the basis of what became known as the Dawes Plan. It was accepted by the German government, then ratified by the Reichstagand Allied governments in August the same year. Among the contents of the Dawes Plan were the following points: 1. A raft of reform m...
Though it was only intended as an interim or temporary measure, the Dawes Plan had an immediate effect. It allowed the German economy to recover from its post-war malaise and kick-started a brief period of growth and prosperity. Vast amounts of money poured into Germany, most of it from the United States. The impact of these loans was most visible ...
Not everyone supported or accepted the Dawes Plan. German communists condemned this American assistance as economic imperialism, an attempt by the United States to exert political and economic influence over Germany. They also criticised the plan for encouraging capitalist profit and greed. The National Socialists (NSDAP), themselves greatly weaken...
The Dawes Plan allowed for the recovery of German industry, the restoration of a stable currency and a better way of life for millions of Germans. For the most part, however, these positive outcomes were superficial or occurred in the short-term. The consensus among most historians and economists is that the Dawes Plan placed too much emphasis on l...
These ongoing problems and concerns led to the formulation of a new agreement called the Young Plan (1929). This spread Germany’s annual reparations payments over a 59-year period, with the final payment to be made in 1988. Under the Young Plan, Germany’s annual payments were pegged at a maximum of two billion gold marks – but Berlin had an option ...
Jul 19, 2016 · Difference: Weimar was a hastily thrown-together government while America has a long constitutional tradition (and identity). The end of the First World War was truly a shock to most Germans. They...