History, asked by alpananayak4916, 10 months ago

What were the disadvantages of the golden age?

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Answered by harshaggarwal005
2

Answer:- Disadvantages of golden age are as follows:-

1. political parties did not co-operate well, divisions lead to weak governments and poor policy making.

2. 7 governments between 1923-1929

support for extremist parties reduced but stayed high- KPD (German communist party) obtained 10.6% of the vote 1928

3. Hindenburg was a right wing president supported the DNVP and insisted that they be include in coalitions.

4. Agriculture was in recession and decline since 1927

5. The German economy was heavily reliant on loans and investment from the USA = leaving Germany venerable to US economic problems (wall street crash 1929) Historian Karl Borchardt ' a sick economy'

6. The government could never get unemployment lower than 1.3 million and was on the rise before the 1929 crash.

7. Although a strong economy they did not out perform that of the French and British economies.

8. social tensions remained high between industrial workers and business owners - strikes and union disputes were common.

9. The Government massive spending on welfare and public projects could not be meet by government income so had to be funded by loans = increased the German deficit and debt.

Wage increase and welfare payments meant higher costs for employers making jobs very competitive and upsetting the business leaders.

Trade imbalance = imports out striped exports

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