It is for these reasons that this essay will argue that the period between 1924-1930 in Weimar Germany can be appropriately termed as the Golden Years. Firstly, Germany greatly benefited from its economic recovery, fuelled in part by foreign countries. The reparations terms imposed on the country by the Treaty of Versailles had put a massive burden on an already weak German state. In 1924, these terms were agreed with the Allies. The Dawes Plan provided for an end to the Allied occupation and a staggered payment plan for reparations payment.
Stresemann controlling inflation was the main reason behind the success of the Weimar republic in 1923-1928. Do you agree? These actions taken out by Stresemann for controlling of Inflation between the years 1923 up until 1928 were indeed the main reason behind the Weimar republics success. This is enforced by Stresemann putting such things in place like the Dawes Plan, Introduction of new currency, French troops leaving the Ruhr, foreign affairs and economic growth. In the year 1924 one of Stresemann’s aims as Foreign Minister of Germany was to get the country back on its feet financially so that it would be possible to keep up with the set negotiations by the Treaty of Versailles.
The years 1924-1929 were seen as the golden period for Weimar Germany both politically and economically. There were many achievements at this time such as the introduction of a new currency and the signing of treaties which many people considered to be signs of economic and political stability. To a certain extent there was stability in Germany however there were factors such as reliance on foreign loans and the change in government which arguably showed that Germany was not in a stable position after all. Political stability is when a state of peace is experienced both in and out of the country due to the activities of the government and economical stability can be shown when a country has steady and constant growth without any inflation. To a large extent Germany was very economically stable as Stresemann introduced a new currency and gained loans from the USA under the Dawes plan.
Despite this, the Marshall Aid was a success and it bolstered the armies of Europe significantly, which put Stalin in a more vulnerable position. The Truman Doctrine was the American policy in 1947 of providing economic and military aid to European Countries, primarily Greece and Turkey, because they were threatened by communism. It was the start of the containment policy to stop Soviet expansion; it was a major step in beginning the Cold War. The policy stated that countries would have a choice between Communism and Democracy. The USA sent troops and funds to countries who were accepting on the doctrine and also those who were threatened by communism.
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
In 1914 when war broke out in Europe, President Wilson declared America’s “Neutral policy”. Which was widely supported by the American people; however, when America joined the war in 1916, both the economy and society experienced benefits as well as drawbacks. The American economy was in a strong state before the war broke out. Due to its neutrality, the USA continued trade with Europe despite the war. In 1913 the value of American trade was about $2 billion, but by 1916 it had risen to $6 billion.
Firstly, Hitler wished to tackle the depression which Germany was suffering from, and to generate employment, as unemployment was close to six billion in 1930. This policy also had other advantages, as by reducing unemployment, a climate of optimism would be generated in Germany and Hitler would be able to consolidate the power of his regime. The other principal aim for the economy was to create a Wehrwirtschaft, a defence economy in order to fulfil the desire for territorial expansion and Lebensraum. Therefore, war resources would need to be made (a job for the unemployed) and substitutes for imports would need to be found in order to achieve self reliance, which was termed autarky. Another minor aim was to aid the economic interests of the Mittelstand, which was where Hitler’s strongest opposition lay.
Research Paper President Obama's New Deal vs. President Roosevelt's New Deal The original new deal that was proposed by President Franklin Roosevelt in the 1930's during the great depression many columnists believe that it has been revamped into something that President Barack Obama believes can jumpstart the American economy. Since both of these men are from the Democratic Party and were voted into office by the American people under the promise that they would and could help jumpstart the economy that would lead to a decrease in unemployment. They both had a huge responsibility to the American people to hit the ground running. And although the similarities of the deals are almost to uncanny to be coincidence they each had key ideas on how to get the American people back into the workforce. I will be focusing on just a few key areas that have been struck due to the recession for President Obama and the Great Depression for President Roosevelt and how each man either fixed the problem or is attempting to.
Germany, after their defeat in World War I, was especially affected by the recession. For this reason, the Lausanne Peace Conference was held. At the Conference, Britain decided to provide Germany with a form of economic aid in return for peace. Because of this, Germany now had the economic resources required to remilitarize. Britain unknowingly was succumbing to Germany’s desire to rearm by providing them with economic aid.
This however was supposedly solved by the intervention of the Dawes Plan of August 1924. This made the current German governments popularity grows as they had seemingly saved Germany from certain disaster. This denied Hitler and opportunity in that he could not come out and attack the government as they had been able to save Germany’s economy. However elsewhere in the country problems were beginning to remerged. An economic crisis was happening in agriculture and Industry.