History, asked by samarthkl295, 8 months ago

The bth ol the West Republic with the y
of the Spartacist League on the sum of the Bolshevik on in
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3.3 Political radicalism & economic crisis

The political atmosphere in Berlin was darged with demands for Sale
style governance. Those opposed to this such as the Social Democrats
and Catholics metin Weimar to give shape to the democratic Republic. The
Weimar Republic crushed the uprising with the help of a war veterans
organization called Free Corps. The anguished Spartacists kater founded the
Communist Party of Germany. Communists and Socialists Henceforth becae
of 1940
irreconcilable enemies and could not make common cause against Hitler
Situation of hyperinflation
Germany had fought the war lamely.on loans and had to pay war reparations
in Gold. In 1923 Germany refused to pay, and the French occupied its
leading Industrial area, Ruhr, to claim their coal. Germany retaliated with
passive resistance and printed paper currency recklessly. With too much
printed money in circulation, the value of the German mark fell In April
the US $ was equal to 24000 marks, by December, the figure had nun into
trillions. As the value of the mark collapsed prices of goods soared. This
crisis came to be known as hyperinflation, a situation when prices rise
phenomenally high The Americans intervened and bailed Germany out by
introducing the Dawes Plan, which reworked the terms of reparation to
ease the financial burden on Germans
3.4
The
The years of depression
German investment and industrial recovery were totally dependent on
short term loans, largely from the USA. This support was withdrawn when
the Wall Street Exchange crashed in 1929. On one single day, 24 October
13 million shares were sold. This was the start of the Great Economic
Depression. The national income of the US fell by half The effects of this
recession in the US economy were felt worldwide.
The German economy was the worst hit by the economic crisis. Workers
lost their jobs or were paid reduced wages. Industrial production reduced
to 40% of the 1929 level. 6 million people became unemployed. As jobs
disappeared, the youth took to criminal activities and total despair became
a common place. The economic crisis created deep anxieties and fears in
people. The curency.lost its value. Sections of society were filled with the
fear of Proletarianisation, an anxiety of being reduced to the ranks of
the working class, or worse still, the unemployed. The large mass of peasantry
was affected by a sharp fall in agricultural prices and women unable to fill
their children's stomach, were filled with a sense of deep despair
Politically to the Weimar Republic was fragile. The Weimar constitution
had some inherent defects, which made it unstable and vulnerable to
dictatorship. Proportional representation and Article 48" gave the
President the powers to impose emergency, suspend civil rights and rule
by decree were its major shortcomings. People lost confidence in the
democratic parliamentary system, which seemed to offer no solutions.​

Answers

Answered by Phoenix2006
3

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