Master Essay

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Consequences of Hyperinflation Hyper inflation effected different types of people to different extents, the peasants and the working class weren’t as badly affected. * The peasantry were used to harsh conditions and hardly had any money therefore didn’t affect them much * The Middle-Upper class and pensioners were seriously affected due to their savings etc, they were now worth practically nothing * The businessmen even made during this time, buying last and property off cheap and making easy money. Hyperinflation a disaster? Yes No Mortality rates rose from 12.6% to 13.4% | Low unemployment – 1.8% | Increase in food poisoning and stomach disorders | Rising wage levels of the industrial workers | Decline in law and order, increase in crime | Growing foreign investment | Growth in prejudice | Industrial production nearly doubled | Growth in suicides | | | | | | How stable were the Stresemann years of the Weimar Republic in 1924-29? Stresemann’s Aims * Free Germany from restrictions of the treaty of Versailles * Restore the country to great power using diplomacy * Franco-German friendship essential * Needed the sympathy of USA The Dawes plan – 1924 – To what extent did it stabilise the Weimar Government? * Used to take pressure of Germany financially * Ruhr was to be returned to the full control of Germany * By removing the troops passive resistance stopped therefore industrial production should increase * Reparations were made more German friendly * America loaned large sums of money to America Foreign Investment * 25.5 billion marks were loaned 1924-1930 (USA) * Other countries did invest which led to the reconstruction of German industry * They recognised that they were becoming dependant on other countries – it eased tension but they were still aware Industrial Unrest

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