Regardless of this, although Germany seemed politically calm, there were still massive problems arising which could later cause significant problems in the early 1930s. Firstly, the Dawes Plan was an important incline that Germany was about to approach a much needed period of economic stability. After burning all of the old Deutschemark currency and replacing it with a completely new currency known as the Rentenmark, which was the main cause of solving the inflation crisis, and also with the much appreciated investment from America, German unemployment levels briefly fell in 1925.The new Rentenmark currency allowed Germany to continue paying back the hefty reparations which were under the terms of the Treaty of Versailles. The American investment not only helped Germany to pay reparations to the Allies, which they would not have been able to do, it also developed the infrastructure, for example creating
This had a big impact on the power of Germany as it was restored, and made her much stronger and more confident. Other Countries also saw Germany as equals, and paid her much more respect. Germany also prospered economically. Gustav Stresemann, Chancellor turned Foreign Secretary, was a major reason why Germany managed to escape the worst of hyperinflation. The most effective change that he made was that he established the Rentenmark in November 1923.
President Herbert Hoover ended up with most of the blame for this, especially since he contributed limited efforts in transforming the nation back to prosperity. After World War 1, Warren G. Harding won the 1920’s election with his campaign for the country to “return to normalcy.” With this, he promised the county prosperity by bringing back private business and strong capitalist ideals. He began by raising tariffs and creating polices to help large private business grow. Under Harding international policies like the “Kellogg-Briand pact” were created to keep the U.S. out of war and at peace with other countries. Unfortunately, Harding passed away while in office, and Vice President Calvin Coolidge took over.
This meant that Germany had a long period of time to pay back the reperations, causing less harm to the economy and political stability. This evidence are reasons for recovery. I agree with this view as there were many factors, as shown above, that make me feel the recovery was affective. On the other hand, evidence shows that many people may disagree with the recovery of the Weimar Republic. Political recovery had against factors as the basic problems of the constitution remained.
There were many of the comparatively prosperous who also came; to better themselves economically. They had heard of how easy it was to proliferate one's riches in America, and with an archetypal German interest in making the most of circumstances, some of the families embarked to seek a greater fortune in the new world. A second notable reason for the coming of the Germans was the religious persecution of the Lutherans and Protestants. While the Midwest received many liberal-minded Germans, it also acquired many of Germany's most ebullient conservatives. In 1817 King Friedrich Wilhelm III of Prussia decreed a unification of the Lutheran and Reformed churches in Prussia, and his action was accompanied by the rulers of several of the smaller German states.
Tory governments of the 1820’s introduced reforms due to many reasons. One of the most notable reasons would have to be of the revival of the economy in the early 1820’s. Also, there was less discontent and unrest within Britain, economic conditions improved, there were good harvests, unemployment decreased and bread became cheaper, so as a result of this, it became very easy for Tory government to introduce reforms as Britain was succeeding. Another main reason for the Tories to introduce a reform would have been the fact that Britain had now become an increasingly industrialised nation in which the new middle class, factory owners and bankers were asking for a larger say in the government of the country. At this time in 1820, the Tories
Politically, the 1920's government started out rough but then got back on their feet. In 1915 Warren G. Harding ran for and won the presidency. During his campaign he had promised "a return to normalcy." The Americans welcomed Harding's laid back atmosphere, a good change from Wilson's gloomy one. Harding made many changes to the cabinet, some very good and some very bad.
4 The New Deal brought feelings of optimism, with Fire side chats which gave people a sense of optimism for their nation by gaining confidence and this worked because the people started to withdraw more from banks. He also restored the nations trust by bringing immediate relief as known as “pump priming” 5 FDR wanted people to enlist for war that forces which recognize the value of discipline and can teach each other which showed patriotism. The New deal did not bring a revolution but it did continue an 6 evolutionary change it not only created an avenue for industrial workers to achieve better representation but it also created an avenue for industrial workers to achieve better representation by also
To a certain extent I believe that the impact of the 1st World War was beneficial to the economy and society of the USA. However, on the other hand I don’t agree with the statement as some problems did occur in the society and economy of the USA. It can be argued that the impact of the 1st World War was important on the economy, especially employment. This is a strong argument because during the war employment increased to an extent where 1.3 million jobs were created. It could be argued that this was due to America’s neutrality to the war until April 1917 causing the USA not to have any war damage and this changed America’s economy as they replaced Britain and London as the USA and New York became the Financial Centre of the world.
Throughout history, the United States economy has both prospered and hindered in growth, stability, and success. Eras such as the Industrial Revolution and the Roaring Twenties, were times in America when production and industry were at their highest. However, when these prosperous times came to an end, the economy suffered. When this occurred it was called a depression, or a long-term downturn in economic activity in one or more economies. There have been many depressions throughout American History; the first beginning in 1807 and ending in 1814.