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Economic problems of the weimar republic
Economic problems of the weimar republic
The economic impact of the first world war in Europe
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In this essay I will consider to what extent the German economy has been central to change regarding the development of Germany over the whole period, 1890-1991. I will consider the German economy under the Kaiser in accordance with World War 1, during Hyperinflation under the Weimar Republic in 1923, in Nazi Germany under Hitler and in East and West Germany leading to the building of the Berlin Wall. It appears that the German economy to a large degree has been exceedingly central to change in the country over this entire period. It is evident though that the economy itself has not solely been the derivation of precise events over the course of the period. There have been other ideas and proceedings that must be taken into consideration and I aim to assess the prominence of these notions in opposition to the German economy. These include the radical ideas of the Kaiser and Hitler leading to the occurrence of World War 1 and 2, the ‘Stab in the back’ theory strengthening support for radical parties and anti-fascist ideals prompting the construction of the Berlin Wall.
The German economy under the Kaiser is an example of the effect the economy had on change in the country. The Weltpolitik policy was as adopted by Germany in the 19th century and they wanted their ‘place in the sun.’ Germany had industrialised rapidly since 1850 so that by 1900 under the Kaiser, its industry was the equivalent of Britain’s and bigger than France’s. This meant Germany had economic power and many people wanted to translate this into territorial expansion. Kaiser Wilhelm was too obsessed with his idea of increasing Germany’s sphere of influence over Europe. Growing in confidence Germany was involved in a Naval Race with Britain in the building of Dread...
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...lin Wall which intended to halt the migration of East Germans to the enriched West. Based on the evidence outlined above it is clear that the arguments for the German economy being central to change outweigh the arguments against. There are other points that are important in assisting change such as the Hitler’s aggressive but opportunistic foreign policy leading to World War 2. This is to a great extent more crucial to change than the German economy. But a final judgement suggests that overall no other theme was as imperative to change between 1890 and 1991 as the economy.
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W Norton, ‘Germany's Aims In the First World War’, 1967
G Loescher, ‘The UNHCR and World Politics: A Perilous Path’, 2001
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1934. By the end of 1935, GNP in real terms had reached the level of
The economic miracle was the high economic growth experienced by the FRG as a result of the Marshall plan and the financial reforms introduced by the finance minister, Ludwig Erhard. The financial reforms included implementing the currency reform in the Western Zones, lifting most restrictions on control prices in the market and reducing taxation. In the agriculture sector, although farmers continued to receive heavy subsidies, the structure of the economy was changed and as a consequence the proportion of the workforce employed in farming was nearly halved. This meant the economic miracle of the FRG wasn’t a total success because many people who previously had a job in the agricultural sector may find it harder to get a job elsewhere because they may have found it hard to transfer the necessary skills. However, it could still be argued that the agricultural sector was a success because although unemployment in the sector increased, the rationalisation by more mechanisation still brought about a substantial increase in production-nearly 25 per cent in the 10 years of the 1950s. Nevertheless, the agricultural sector wasn’t a total success because of the increase in unemployment in the sector. Another reason why the economic miracle wasn’t a total success was because Erhard’s implementation of the social market economy in 1948-9 did not immediately cause economic take off. The steep rise of prices which occurred was not matched by the rate of wage increases. This meant that the economic miracle wasn’t a total success because there was hardship for the poorer people in society as a result of prices rising at a faster rate than wages. Furthermore, the shortages of many resources, especially coal, led to a sharp increase in imports and a serious balance of payments deficit. This meant that the economic miracle wasn’t a total success because the German economy faced recession in 1949-50 because there was
the 4 years (from 1924) leading up to it to a head. This essay will
Germany’s Economic System the Federal Republic of Germany’s economy has now flourished despite its harsh times that have been faced throughout the decades. Most people know about Germany from its historic involvement in World War II; its successful campaign to unite East and West with the successful collapse of the Berlin Wall; and its world class development and production of automobiles. Unfortunately, what most people don’t know is that Germany continues to fight an uphill battle in keeping its established ranking among the world’s most important economic powers.
them make a full recovery but in the long run I don't think that they
The Songerweg emphasizes the particular model of history that Germany, unlike other Western countries, has gone through. Specifically, ‘proponents of this concept emphasize the peculiarities of German history, such as political institutions, social structures, or mentalities and experience, usually in comparison with other Western countries, to demonstrate the unique course of German history’ (Buse & Doerr, 1998, p. 934). Although initially the theory of Sonderweg viewed the characteristics of German historical development as positive, the situation has changed after the World War II. Specifically, in the 19th and early 20th centuries historians applied the Sonderweg model to stress a focus on the role of strong central state and military as the driving force of the development of the country (Buse & Doerr, 1998). In addition to this, historians regarded social reforms in Germany that were made from ‘above’ rather than being the outcomes of revolution to be a positive feature that depicted German state in a favorable way. Finally, the historical school viewed the course of German industrialization and culture as superior to similar processed in the rest of Western European
Until the second half of the nineteenth century Germany wasn’t the country we identify it to be nowadays, it was made up by a handful of states, each with different laws, currencies and trade barriers. The moment the Chancellor, Otto von Bismarck was in charge of policies, things started to change, he essentially created Germany. In 1948, unification started, and each state became part of a whole, with the same laws and currency, and most importantly, trade barriers were abolished. Consequently, trade between the states grew radically and boosted technological industrial growth. The government encouraged growth through adapted policies, in addition, German banks were created and were able to supply credit and investments to somehow stimulate the appearance of new businesses. Furthermore, as a consequence of the railway construction, coal extraction and iron manufacture reached their highest points in the nineteenth century. However Bismarck’s main aim was to protect the new Germany from wars with Russia and France, and the way he chose to achieve his goal was by engaging in a foreign policy manipulating game with the European powers: he tried to maintain good relations with Hungary and Russia and isolate France.
Germany experienced a lot of economic changes after Germany was split into East Germany and West Germany. Initially, West Germany was established as a federal republic but was established as it’s own independent nation in 1955. Many events happened in West Germany from the 1950s to the 1980s before Germany became one nation again. There were events such as “oils price shocks, generous social programs, rising deficits and loss of control.” East Germany’s economy was strong due to the Soviet Union’s reliance on Eastern Germany’s production of machine tools, chemicals and electronics. It became appealing to reunite with West Germany when the value of East Germany’s currency became “worthless” outside of it’s country because Eastern Germany was relying on the Soviet Union’s demand (Marketline).
After the First World War Germany recognised her first ever democratic government, the Weimar republic lasted from 1918 – 1933 an astonishingly long time given its turbulent start. The November revolution saw the election of soldier and worker councils similar to that of the Russian revolution in 1917, it spread across Germany like wildfire and in turn split the country before a democracy could even be instated nevertheless on November 9th 1918 the German republic was established. From then on The Weimar Republic was set on unstable and insecure path and this is why it is one of Germanys most important historical periods; it was Germanys earliest form of non-imperial government and rule and its collapse in 1933 paved the way for the rise of Hitler and the Nazi party. For these reasons there have been endless works published on the Weimar republic and the outpouring of literature post world war two focuses on the collapse of the Weimar republic and how the Nazi party came to power. However, to understand why the debate surrounding the Golden Era in the Weimar Republic is an interesting one and lacking in historical works, it is key to examine the historiography of the Weimar republic as a whole. Furthermore, to understand why historians focus on other periods in the Weimar’s history in particular the consequences of the treaty of Versailles and the consequences of the Wall Street crash in 1928 which led to its collapse.
Following the Second World War, Germany was rebuilt out of practically nothing into one of the richest countries of the world. This well-known transformation is known as the "Wirtschaftswunder" (wonder of economics). Yet in the recent reunification of West and East Germany, German leadership has ignored crucial lessons from this successful period of transformation. Three problems highlight this claim:
due to a couple of reasons. The most important one was the fact he was
The German Reunification failed in its attempt to bring the two Germanys together after being separated for nearly 45 years. The myriad of negative ramifications brought about by the Reunification only strengthened the divide between the East and West Germans. The devaluation of the East German mark and depopulation of East German cities, along with unemployment and poor living conditions, instigated discontent among the East Germans. West Germany’s “taking over” of East Germany in the act of Reunification induced a lopsided economy with its Eastern half still trying to catch up to its Western half, establishing the myth of German Reunification.
The German Weimar Republic was an attempt to make Germany a more democratic state. While this was a very good idea in theory, the Weimar Republic was ineffective due to the instability that came with it. Several factors contributed to the instability of Germany’s Weimar Republic, such as the new political ideals brought forward and the government’s hunger for war. To begin, one of the factors that contributed to the instability of the Weimar republic was the presence of new political ideals. Marie Juchacz unintentionally highlighted that reason in her speech to the National Assembly.
Fulbrook, Mary. A Concise History of Germany. 2nd ed. United Kingdom: Cambridge University Press, 2004. Print.
Prior to unification in 1871 the territory that would become Germany was comprised of thirty-nine independent states and city states joined together in a loose German Confederation. The most powerful among these states was Prussia, both geographically the largest state and that with the largest population. The influential politicians and policies that came out of Prussia were instrumental in the gradual formation of a united Germany. Beginning with the rise of Napoleon, the nineteenth century was a time of incredible change which dramatically altered the political balance of Europe. In order to understand the factors that culminated in official German unification on January 18 1871, it is necessary to examine the preceding decades. No single factor can be credited for the unification of the German states. Rather, the combined forces of social change, economic strength within a unified customs union, the moral justifications provided by nationalism, Bismarck’s careful manipulation of internal politics and the advantages gained through military action resulted in the unification of Germany.