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.
Also, the increased level of production within Germany meant that the industry would grow, and the social welfare constitution proved that the public would have backing from the government with pensions and benefits. However, there were factors which disagreed with the statement as there was a grand coalition within this period that could not co-operate together. Also, Germany being dependent on foreign loans meant that their economic development was not increasing. As well as this, there were still differences within the public in Germany decreasing the social progress in the mid 1920’s. Although, to a certain extent the statement is true as Germany did show that they experienced a period of political calm, economic development and social progress in the mid 1920’s.
The Weimar Republic was able to solve some of the problems it faced, but however, a significant number of problems it faced remained unsolved which overall hindered many problems it faced as Weimar Republic created more problem for themselves. Some of the problem it faced included: Harsh treatment by the allies, the hyperinflation of 1923, economic prosperity and political threat from the extremist. In this essay, I will be trying to examine to what extent Weimer Republic in 1920s overcame the problems it faced. Harsh treatment by the allies towards Germany, during the signing of 'Treaty of Versailles' in 1919 was one of the crucial problems Germany faced and overcame very slowly with the help from Dawes's and Young's plan. Dawes's plan in 1924 did not reduce the final total reparation but however it agreed that reparation payment would start gradually and rise to their maximum within 5 years.
After becoming Chancellor in 1923, Stresemann was hugely influential in the period 1923-29. Before his appointment as Chancellor (which lasted six months), the Weimar Republic had serious problems such as hyperinflation, the low quality of life, several uprisings such as The Spartacist Uprising and the Kapp Putsch and the fact that the country at the time could not afford to pay reparations. As a result of this, France and Belgium had decided to invade and occupy the Ruhr, Germany’s most industrial region. This impacted the German economy massively, adding to the huge list of problems Gustav Stresemann was to sort out between 1923 and 1929. However, it was Hans Luther and Hjalmer Schact who dealt with the hyperinflation crisis of 1923 and not Gustav Stresemann.
Gareth Parker. A Written Report Of A Discussion On The Rise Of Hitler and the Nazi Party 1918-1933. Identify and comment upon the key weaknesses of the Weimar system of government. The Weimar Republic was born in a time of great turmoil and struggle, encountering many problems throughout its sixteen year history. Possibly the greatest vulnerability was 'the weakness within' - the constitution gave the President, the states and the military too much control, whilst proportional voting meant that the Reichstag was separated and weak.
The Dawes Plan provided for an end to the Allied occupation and a staggered payment plan for reparations payment. This softened the burdens of the war reparations on the state. Further, the plan helped secure $800 million in loans for the German state. This is significant as this investment in the German economy helped offset the disastrous effects of the hyperinflation by increasing employment and restarting industries. The Ruhr area that was being occupied by French troops was to be evacuated.
In terms of economic development, the Dawes and the Young plan definitely helped develop and rebuild Germany’s economy, however there are other factors which counteracted them, making them less effective. Stresemann knew that Germany needed a way
All payments went towards the king, this would've also made the Earls not feel powerful enough, especially Harold Godwin who was seen as the most powerful man in England, but theoretically he wasn’t. However the Economy was well governed because the trade increased, which encouraged both the growth of towns and foreign contacts, this demonstrates that England were still involved in trade, which was good for the economy. However the economy was not very well developed especially compared to the Byzantine Empire and Muslim world. Those economies were massive, especially when compared to England’s. Overall I believe that the economy for pre-Conquest England as well- governed to an extent as the King did have large control, he did control this well, but he may have been seen as too powerful where the government is concerned.
Stresemann was also able to make the agreement with the USA that America would be lending Germany 800 million gold marks, which kick-started the German economy. Another reason behind the success of the Weimar republic’s success during these years was Stresemann’s changing of the currency. To relieve Germany of its Debts Stresemann called in all the old, worthless marks and burned them, replacing them with a new currency called the Rentenmark (Worth 3,000 million old
There was some political calm during the period. The daws plan was one key political success of the mid 20’s. It meant a new financial deal with America to stabilise the German economy to ensure that reparations were paid in a way not to threaten the German currency and meant that it would be more difficult for other countries to apply sanctions against Germany. However while there were some political successes these were largely limited. After the threats of extreme violence from both the left and right wing against the government the period involved less violence against the government and there were less revolutionary events such as the Munich Putsch.