Weimar's Survival of the 1923 Crisis

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Weimar's Survival of the 1923 Crisis Introduction: Weimar faced many problems such as economic instability, invasion of the Ruhr and lack of support from the public and also from the military, in the years of 1923 and 1924 but overcame them all for a variety of reasons. Hyperinflation and other debts: Hyperinflation hit Germanyin early 1923 but was not resolved until Stresemann was voted into power in August 1923 and recruited the economist Schacht to help formulate a solution. The Deutschemark was abolished and replaced with a new currency - the Rentenmark in Nov 1923. The supply of the new monetary system was strictly limited to 3200 million Rentenmarks. Domestic debts were reduced from 150million deutschemarks to 15pfennigs (pence) by hyperinflation. Reparations were re-scheduled by the Dawes plan in April 1924 as Germanyclaimed it could not afford to pay them at the current rate and Germanywas given an 800million Rentenmark loan by the USAto help stabilise the economy. Invasion of the Ruhr: Germanyjustified the Non-payment of reparations in January 1923 using the invasion of the Ruhrby 60 000 French troops and hyperinflation as evidence they could not afford reparation payments. The Dawes plan (1924) helped to solve the issue of reparations and the invasion of the Ruhrwas eventually solved when Stresemann came to chancellorship and abolished the passive resistance policy in favoured by the Cuno government as part of his foreign policy. Stresemann's foreign policy: The grand coalition was formed and this was more popular than the Cuno government as the SPD was the most popular political party in Germanyat... ... middle of paper ... ...is was shown when they were used by Weimarto suppress uprisings from the left. They did this by force however refused to engage in violent conduct towards the right wing uprisings but refused to support them also. This shows they were in favour of a right wing, more authoritarian government and were totally against communism. Other extremist attempts: Inadequate leadership, poor organisation and internal divisions meant that mass protests by the KPD in mid 1923 failed and were repressed without difficulty by the constitution who used the army to prevent the left wing uprisings having any real consequences. Conclusion: Several important factors that Weimar survived these crisis, the most important of these was a combination of strong leadership within the constitution and lack of any viable alternatives.

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