The Weimar Republic didn’t seem to have any idea on how to solve the problems of the Depression that Germany now was in the midst of, thanks to their humiliating defeat in the Great War. Hitler and the Nazi party promised to make Germany proud again by uniting everyone and pledging something for every part of the German society, with the exception of the Jews. He promised the farmers higher prices for their produce, jobs for the unemployed, and profits for the middle-class as well as enhanced value in their savings. How could they not be persuaded with this promised quality of life? In
The World War I had brought America to the forefront of the global outlook. The war time excesses in production transformed into prosperity during the next decade which would watch America seek continued isolation despite the mounting global challenges. The Great War and the resulting Versailles Treaty left Europe in a rather deprived and devastated state where the Europeans continued to seek cultural and economic assistance from their cross-Atlantic neighbors. With new job opportunities, progressive ideas, an air of liberalism had developed around the American continent. This openness and jubilance was most evident in the arts, entertainment and economic sectors of the economy.
Describe the effects of hyperinflation on Germany in 1923. (9) The Weimar government was short of money after the First World War and so began to print more and more banknotes. The sudden flood of paper money into the economy, on top of the general strike - which meant that no goods were manufactured, so there was more money, chasing fewer goods - combined with a weak economy ruined by the war, all resulted in hyperinflation. Prices ran out of control, for example, a loaf of bread, which cost 250 marks in January 1923 had risen to 200,000 million marks in November 1923. German's currency became worthless.
However, Stalin’s adaptation of the model for economic success was too rigid, and as capitalism moved on, providing luxury goods to consumers such as cars, “the Soviets and Eastern Europeans found themselves in the 1980s with the most advanced industries of the late 19th and early 20th centuries- polluting, wasteful, energy intensive, inflexible-in short with massive rust belts” (Chirot, 1991 p.283). The inflexibility of the economy, and the success of capitalism, pampering the population with luxury goods, and technology, led to rising discontent with the regimes. Keeping out the success of capitalism in Western Europe became increasingly difficult, and there was a growing cynicism about how the communist system was failing to provide wealth and luxury. The inability for communism to
Germany then fell into a deep economic depression. Some people would agree that the ‘Wall Street Crash’ was the most important reason for the increase of support for the Nazis because the depression was a bad time for Germany and its people and Hitler said he could fix it. Germany’s “last hope”. He used this to gain the Nazis some support from the people. The depression made people bankrupt and lose their jobs; Hitler and the Nazis promised people that they would get them jobs and solve unemployment.
When Keynes rejected the scale of reparations placed on Germany and resigned from his post at the Treasury, he lead the way for what many leading politicians were to understand later on. Keynes supported the approach of Lloyd George that for economic and political reasons, Europe needed a successful Germany, which would be seriously difficult to achieve whilst the excessive reparations were placed on them. Furthermore, his book The Economic Consequences of the Peace (1919), was successful in influencing the view of Britain that a weak Germany would only make the recovery of Europe after the war, a lot more difficult. On the other hand, from taking this view, politicians were criticised for being 'too lenient' towards Germany. Even Lloyd George, who took a much tougher political approach towards the reparations, received criticism.
6) Hoovervilles were named after Herbert Hoover because he was the president at the time of the great depression. The American people felt like he was to blame for the terrible economy because he raised taxes when he promised that he wouldn't as well as creating the Smoot Hawley tariff which eventually cut America off from foreign trade, tightening the grasp that the depression already had on the U.S. The negative view that the American people had of Hoover was not fair because he put forth more effort than any other president before him to pull America out of a
This is easy to say, but hard to realize - building and sustaining the maze of institutions to keep the matchmakers responsible, in particular. After all, societies have five sources of capital: inheritance/resources; savings; access to financial markets; government; and, last but not least, "crime", through military power in particular, the use of such power being rationalized by various ideas. During the 1920s and 1930s, the series of monetary blunders and lack of international cooperation decimated people's savings and the Versailles Treaty kept resources captive. These factors combined caused the weakening or the destruction of capital markets and international trade. Banks failed, markets crashed, unemployment rose, the middle classes lost their anchors, and the 1930s saw a series of devaluations and introduction of tariff policies, Smoot-Hawley being one of them.
The economic boom cause by World War I exposed weaknesses in the global economy which collapsed, causing the “Great Depression”, allowing more extreme politics to come around, and the stronger countries unable to stop it. On the other hand some would argue that what set the stage for World War II started with the treaty that ended World War I. Germany was forced to pay hefty reparations that crippled her economically. Making it nearly impossible for a country to succeed through peaceful means. With that being said World War One caused Germany to get into a great debt because they were left responsible for the damages made in World War One. In result Hitler began to rise up in his vengeful and expansionist plans for Germany.
Once these students have completed their studies, they will revisit their countries and use their education effectively in improving standards of living and try to avoid dependence on communism. The Historical Development of Communism: Communism was a system that was anticipated by two Germans known as Karl Max and Friedrich Engels who published a popular book titled ‘The Communist Manifesto’ In ‘The Communist Manifesto’, Max and Engels stated that:  Proletariats (also called the workers) were oppressed by those who controlled money and invested in businesses (also known as the capitalist)  Whilst capitalists made large profits and income, most workers received very poor wages and lived in ghastly conditions, swelling the space between the poverty and wealth .  This unfair condition must not continue and would predictably lead to a communist uprise.  The workers would cause the downfall of the capitalists. Following this, a new society would form with social equality and equal rights and