5. Collapse of the Weimar Republic Flashcards
(99 cards)
When did the Wall Street Crash occur?
October 1929
What were the main consequences of the Wall Street Crash?
- Unemployment rose
- Prices fell
- Foreign Trade fell
How many Germans were unemployed in 1932?
6 million people were unemployed
What did falling prices lead to?
led to a lack of investment and lower wages
What did the government do as a reaction to the crash?
Cut public spending
Which welfare spending got cut to one-third?
War victims pensions
Why did the March 1930 SDP collapse?
They could not agree on welfare cuts
Why could the Reichsbank not print more money?
They were restricted by the Dawes and Young Plans
How many people were unemployed in 1932
6 million
How many in three Germans were unemployed by 1933?
1 in 3
What did the Government do to try and solve the 1929 crisis?
reduce public spending
What did a reduction of public spending mean?
less spending on
- Infrastructure
- public services
- One-third reduction in war victims pensions
How did the coalitions make solving the crisis more difficult?
They could not agree on which approach the government should take
Why did the Government not intervene more in 1929?
They feared that intervention would lead to hyperinflation
How were the governments actions limited in 1929?
They were restricted by outside groups
Why would foreign investors not invest in German businesses?
They did not trust the currency
What year were reparation payments suspended for a year?
1931
What are protectionist policies?
When a government prioritises products from its own country over imports
How is Protectionism carried out?
Using import taxes
How did Protectionism work?
- Helped German companies hire or retain staff
How did Protectionism not work?
retaliatory policies where foreign countries did the same to Germany thus reducing the exports.
Germans had to pay higher for certain products
Why did many people loose faith in democracy by 1930 ?
Unemployment and huge falling wages
How many elections took place during the depression.
5
From 1928 to 1932 how much did unemployment rise?
from 1.25 million to 5.75 million