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WEIMAR REPUBLIC 1919-1933. Born out of the German Revolution of November 1918 …. Liberal Democracy that lapses in the 1930’s Faces numerous challenges (reparations, Ruhr occupation, Hyperinflation, political extremists on the LEFT and RIGHT, global depression, etc.). REPARATIONS. - PowerPoint PPT Presentation
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WEIMAR REPUBLIC WEIMAR REPUBLIC 1919-19331919-1933
• Born out of the German Revolution of November 1918…. • Liberal Democracy that lapses in the 1930’s• Faces numerous challenges (reparations, Ruhr
occupation, Hyperinflation, political extremists on the LEFT and RIGHT, global depression, etc.)
REPARATIONS
• Make first payments in 1921
• Unable to do so in 1922, France decides to come in and occupy the Ruhr, Ruhr, Germany’s Industrial Germany’s Industrial HeartlandHeartland• Leads to run-away
inflation, HYPERINFLATION
and CATASTROPHY
HYPERINFLATION
Response to crisis of 1923..
• Dawes Plan-Dawes Plan- American Banks loan money to Germany so they can pay reparations. Circular-plan works…but only short-term
• Creation of new Currency, Rentenmark provides international confidence
Weimar RepublicThe Golden Years 1924-’29The Golden Years 1924-’29
• Goldene Zwanziger• Growing economy
coincided with decrease in civil unrest, but…
• U.S stock-market crash of 1929 changes all that!