100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
12 mark weimar Germany section 1 q £2.99   Add to cart

Exam (elaborations)

12 mark weimar Germany section 1 q

 6 views  0 purchase

12 mark question on Weimar Germany

Preview 1 out of 2  pages

  • May 21, 2021
  • 2
  • 2020/2021
  • Exam (elaborations)
  • Questions & answers
book image

Book Title:

Author(s):

  • Edition:
  • ISBN:
  • Edition:
All documents for this subject (1331)
avatar-seller
teju12
Explain why there were economic problems in the Weimar republic
from 1919 to 1923(12 marks)
Plan is in my book


One reason why there were economic problems was due to the Treaty of
Versailles. The Treaty of Versailles signed by England, France and the US, this
treaty stated that Germany was the cause of World War one and had to be
responsible for all the damages. Germany were then forced to cut back on
investments within the country. By 1921, 136 million marks had to be paid, then
by 1923, Germany was bankrupt as they owed 6.6 billion marks to the allies. At
this moment in time, Germany was deprived of land, army and most importantly -
the money. This then had huge effects on living standards within the country and
halted the growth of many businesses. Therefore, the reparations were one
reason why there were economic problems from 1919 to 1923 in the Weimar
Republic
A second reason is the French occupation of the Ruhr. The Ruhr is the west part of
Germany and one of Germany’s main areas of industrial output-providing 80% of
its coal. After World War one, Germany weren’t able to send coal or pay any
money to France. Consequently, France and Belgian troops invaded Germany and
took ahold of the Ruhr. Prior to this, Germany was unstable due to mass amounts
of reparations; with the Ruhr taken there was even less investment within
Germany, resulting in cuts to wages. As a result, the Weimar republic was left
with almost nothing. Thus, the French occupation of the Ruhr was a reason why
there were economic problems in the Weimar republic from 1919 to 1923.
A final reason was hyperinflation. As reparations were not being paid and the
workers of Germany were becoming impatient, the German government started
to print money to meet standards of the public. The government set 300 mills to
do the job and over 2000 shops. Initially this worked, however money quickly
began to decrease in its value. A loaf of bread may have been 1 mark in 1921 but
a loaf of bread would have cost around 200 billion marks by 1923, this was called
inflation. Some shops even stopped accepting money in worry of investments
becoming worthless. As the government printed more and more money, the

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller teju12. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for £2.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

60281 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now

Start selling
£2.99
  • (0)
  Add to cart