The Weimar commonwealth was a state born out of crisis after Germany had been defeat in World War I and Kaiser Wilhelm II had been obligate to abdicate. While the years of Weimar to seem golden in analogy with preceding years, as there were no putsches and it was relatively electrostatic politically it could be argued that on a larger home base there were still fundamental flaws within the Weimar regime, shown through the massive amounts of unstable coalitions, therefore indicating that the years of Weimar were not as golden as originally perceived.
A particularor which seems to suggest that the golden years of the Weimar republic in the period 1924-1929 were golden is the occurrence that economic stability was returned to Germany, mostly through the actions of the exotic minister, Stresemann. Stresemann stop the hyperinflation crisis of 1923 by introducing a new currency, the Rentenmark, which was backed by US loans to replace the now worthless mark. This suggests that the period 1924-1929 were golden to a certain extent as they managed to stabilise the German currency.
In addition, the introduction of a new currency encouraged foreign investment in the German economy as separate countries could be sure that the currency was stable and therefore a worthwhile investment and also increased industries and therefore single-minded the vast unemployment which had been a problem within Germany for many years previous to the Weimar constitution. The increase in industry is shown through the fact that by 1929 Germany was producing 33% more produce than in 1913, thus inferring that the golden years were a turn point for Germany. Additionally, Stresemann negotiated the Dawes scheme in 1924 which softened the blow of reparations on Germany as well as securing loans from America which proved invaluable in turning around the German economy. However, it could also be argued that such confidence on foreign loans could prove to be a...If you want to cause a full essay, order it on our website: Ordercustompaper.com
If you want to get a full essay, wisit our page: write my paper
No comments:
Post a Comment