Economic Crisis Flashcards
(8 cards)
Describe hyperinflation.
Reparations combined with war debt led the Weimar government to print their own money which led to hyper inflation
Devastated many Germans; especially middle classes who’s savings were wiped out
What happened during the economic crisis?
Hyperinflation
Dawes and young plan
Wall Street crash 1929
Brunings budget
How did the nazis exploit hyperinflation and what support did it gain?
Used this to win support from those who had suffered
Promised to keep savings safe and inflation low
Offered a strong alternative
Won support from the middle classes who were natural supporters of the new republic
Describe the Wall Street crash 1929.
Dawes and young plan were negotiated to help rebuild Germany
Fatally linked the German economy to that of the USA
Wall Street crash, 1929, German economy collapsed, prices rised and unemployment
How did hitter exploit the Wall Street crash and how did this gain support?
Hitler claimed Germany would be self sufficient
Create full employment
Appealed to nationalists and business community as they didn’t want Germany to rely on other countries
However during the economic crisis support for other parties such as the KPD rose showing that a lot of Germans still did not support the nazis
Describe the brunings budget.
Brunings budget made government employees and the unemployed suffer dreadfully
Benefits and salaries were cut whilst taxes increased and state spending was drastically reduced
How did the nazis exploit this and how did this gain support?
Promised to stabilise the economy
Provide full employment
Won support from unemployed and employed
Evaluate the brunings budget
Historians argue that the nazis success coincides with the worsening of the economic situation
Dramatic increase in electoral support going from 12 seats in 1928 to 230 in 1932 after the crash
