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.
The great depression meant that many of the families had lost their savings; it was horrible to know that all the money that they had saved throughout the years has just vanished so quickly. They were also afraid of the growing communist party; they wanted to abolish private companies, land and businesses. If this happened many of the middle class would lose their job where they were able to make money. Therefore because of this they saw Hitler as a strong leader who could help their country recover and
The reasons this occurs is due to numerous factors like the number of companies going out of business, lack of job growth, future plans for job growth does not meet the need, founding father’s not allowing large business to come to town, education level of community, sales tax is high, and average household income is low. Another reason for the high unemployment rates in Mohave County is that there are some very rural areas and job availability is low. Some people actually make more living off the unemployment benefits then they would get paid at a minimum wage job. “Unemployment benefits range from $60 to $240 per week depending on a person’s previous income” (Pelham, 2011). “The average job growth is 1.46% lower than the Nation’s average.
Poverty has increased due to a high unemployment rate, lower wages for many people, and a decreasing amount of public assistance benefits. Since the start of the recession, many people have lost their jobs and have been unable to find new employment or have been forced to work for wages far lower than they had previously been paid. In 1996, the Aid to Families with Dependent Children (AFDC) program, which provided cash assistance to poor families with children, was replaced with a grant program called Temporary Assistance to Needy Families (TANF). This program has not been able to keep up with inflation causing a higher poverty level among the already poor which has resulted in families not being able to afford housing (“Why are People Homeless,”
The collapse of the housing market and unemployment caused the most damage. Between 1991 to 1992 unemployment had gone back up to 2.6 million. Negative equity meant home owner were paying mortgages far higher than their homes were worth. Many people could simply not keep up with the increased prices and resulted in them losing their homes due to the bank repossessing them. The recession hit close to home for the Tories, effecting the middle class not just the working class of the industrial north.
There was also nothing there for the old before that ether, they basically had to work until they died as they had no money otherwise or be sent to the poor house which was embarrassing. The act was passed as the old had to rely on their children who often couldn’t even pay for themselves and they were becoming a burden. You had to be 70 to receive a pension which was far too high as most of the people that needed it had died by then from not having a good standard of living. The age for being able to receive was far too high as people that needed the pension were too unhealthy to live that long anyway. If you were single you got five shillings a week and seven and a half if you were married.
As the U.S was trying to make more jobs to regulate the economy, Germany had to still pay all the money they owed before even thinking about making new job. The debt Germany owed was so much, that they were never able to pay it back. This was the major cause on why Hitler rose to power as smoothly as he did. He gradually got most of the countries
The first two generations of Japanese had to face terrible discrimination though. James D Phelan, the governor of San Francisco, led a rally to protest Japanese immigration and seven years later another governor imposed separate schools for Japanese children. Though Japanese Farmers only owned 1% of the land and grew 15% of California’s crops, Americans claimed they took over all of the Agriculture, which led to the Alien land law in 1913. This law restricted Japanese ownership and land leasing, which was a major downfall for the Japanese. [1] After the bombing of Pearl Harbor, many Japanese stayed in America, and remained good citizen, but it was very hard to get jobs due to racial discrimination.
For decades, illegal immigrants have been struggling. People around the world travel to the United States seeking a better life due to poverty in their homeland. In fact, most unauthorized residents either entered the United States without inspection or were admitted temporarily and stayed past the date they were required to leave. In addition, they think that it will be better for them and they will be able to find jobs to support their families. Therefore, they try all kinds of methods to come here without realizing how difficult it can be for them to stay in this country without proper documents.
The economy was already in a depression because of the World Wars. They say the only reason that Hitler came to power is because the Germans were starving and fighting to survive between the two wars. Hitler offered the sick and tired a way to bring back Germany, but what they didn’t know is what it entailed. During the holocaust the economy kept going down hill. At the beginning of 1933 the Jewish population in the 21 countries of Europe was nine million people.