The German government thought by printing more money the problem would be solved. The opposite happened, hyper inflation took place and money became worthless in Germany and unemployment was rising. By 1931 unemployment rose to 6 million which was a quarter of the working population in Germany, it was official that the country was in need of improvement and quickly. There was an outcry for a new government that could take over from the old Weimar republic and once again boost Germany back to a superpower. The Nazis were one of many radical parties, but why was it the Nazis that succeeded in taking power and getting Germany back to a superpower?
The Weimar Republic was set up mainly to help Germany out of their economic crisis at that time. Germany lost a lot of its land and the German people very hostile towards current government. Hitler exploited the weakness of the government. Germany also had other economic problems as they were paying reparations to France and Britain and they did not have enough resources due to the Treaty of Versailles. Germanytherefore was assisted by America.
Support of Hitler due to Unpopularity of the Weimar Governments After the 1929 Wall StreetCrash, the Weimar Republic was faced with a series of challenges which they failed to solve, resulting in their unpopularity. However, Hitler's support grew during the years after the Crash between 1929 and 1933 when he was ordained Chancellor. The crash of the American stock market in 1929 resulted in international economical depression. Germany was hit especially hard as the American businessmen who had loaned German banks money under the Dawes plan in 1924 now wanted it back as they were now in debt themselves. For the Weimar Government, this caused great problems.
The failure of the economy, extreme nationalism and the fragile government of Germany in the 1920’s and 30’s could also be seen as the reason for Hitler’s success(Wepman 98). The end of W.W.I left Germany in economic debt, suffering to survive. The Treaty of Versailles blamed Germany for the war and required them to pay for all the reparations. With many unemployed and homeless, the country was in economic ruins(Heck 120). To try and end their suffering, the German government printed more money, which in turn caused inflation and more problems.
Germany’s economy was very susceptible since it was built up on the American loans. The country was also dependable on foreign trades. As the Germans still had to pay the reparations, which were due to the War guilt from World War I, the banks throughout Germany failed, along with many production levels. Almost every German citizen suffered from the Economic Depression. It was not only one or two parts of society which were affected, but mostly every social class.
It was beset with many problems, leading many Germans either to withhold support from the Parliamentary Democracy or to seek actively to destroy it. The Republic had to deal with a weak economy plagued by high rates of inflation and unemployment. Inflation was fuelled partly by the enormous wartime debts that the Imperial Government had contracted rather than raising taxes to finance the war. Instead of raising the taxes they had preferred to rely on the short-term foreign loans.  Inflation ruined many middle-class Germans, who saw their savings and pensions wiped out.
Most people at the time placed the blame solely on the harsh terms of the Treaty of Versailles. This was the treaty agreed by the allies and Germany to end the First World War, although Germany had little say in the matter. Germany was forced to pay reparations to the allies for damage caused during the war. The final amount was set at £6,600m. In order to pay this, and pay for post-war reconstruction in Germany, the German government printed off more and more money, which in turn led to hyperinflation.
The German economy was very dependent on the American economy and when the stock market collapsed in October of 1929, the German economy became defenseless. When the Germans were expected to pay off the thousands of loans from America, Germany went from a booming state to state that was barely moving. Within twenty-four hours, the standard of living that many German families enjoyed was destroyed by events that happened in the United States (“Great Depression Begins”). Adolf Hitler craving to get into politics saw that his time has arrived to enter. He originally w... ... middle of paper ... ...here are many modern examples of intolerance that can be compared to World War II that exist in the world today.
Italy and Japan suffered from too many people and too few resources after World War I. They eventually tried to solve their problems by territorial expansion. In Germany, runaway inflation destroyed the value of money and wiped out the savings of millions of people. In 1923, the Ger... ... middle of paper ... ...ed by meeting Hitler's demands. That policy became known as appeasement.
Also the effects of the German extremes of socialist and communist influences left France contemplating that “The problem of disarmament was going to be still more difficult” at a time when France was really struggling in the economic crisis (Bury, 1969, p.272). Following the boom in worldwide economies rising in the aftermath of World War One, France experienced a rise in the value of the Franc with GDP incr... ... middle of paper ... ...es of economic crisis, but being the lesser industrialised nation, it experienced a much longer period of depression in comparison to Germany and the USA. The issue of protectionism throughout the world during The Great Depression resulted in France using their own resources for themselves which in effect left a revenue gap, which was previously filled with exportation of produce. Bibliography Bury, J (1969). France 1814-1940.