Golden Years Of Weimar

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How ‘golden’ were the golden years of Weimar in the period 1924-1929? The Weimar Republic was a state born out of crisis after Germany had been defeated in World War I and Kaiser Wilhelm II had been forced to abdicate. While the years of Weimar to seem ‘golden’ in comparison with preceding years, as there were no putsches and it was relatively stable politically it could be argued that on a larger scale there were still fundamental flaws within the Weimar regime, shown through the vast amounts of unstable coalitions, thus indicating that the years of Weimar were not as golden as originally perceived. A factor which seems to suggest that the golden years of the Weimar republic in the period 1924-1929 were ‘golden’ is the fact that economic stability was returned to Germany, mostly through the actions of the foreign minister, Stresemann. Stresemann ended the hyperinflation crisis of 1923 by introducing a new currency, the Rentenmark, which was backed by US loans to replace the now worthless mark. This suggests that the period 1924-1929 were ‘golden’ to a certain extent as they managed to stabilise the German currency. In addition, the introduction of a new currency encouraged foreign investment in the German economy as other countries could be sure that the currency was stable and therefore a worthwhile investment and also increased industries and therefore solved the vast unemployment which had been a problem within Germany for many years previous to the Weimar constitution. The increase in industry is shown through the fact that by 1929 Germany was producing 33% more produce than in 1913, thus inferring that the ‘golden years’ were a turning point for Germany. Additionally, Stresemann negotiated the Dawes Plan in 1924 which softened the blow of reparations on Germany as well as securing loans from America which proved invaluable in turning around the German
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