1923 Weimar

HideShow resource information
  • Created by: Benlhunt
  • Created on: 03-06-16 15:38

Problems present prior reached a critical mass: 

Inflationary Problem 

Wartime + Demobilisation inflation: 

  • WW1 left Germany with high inflation: cost of war had been financed by increasing money supply and this caused a decline in the currency value of the mark
  • Wartime shortages exacerbated the problem - rise in prices
  • High government expenditure after war due to supporting widows, injured war vets and demobilised soldiers 
  • The new constitution made social security a right so put more of a strain on the economy 

Reparations 

Problem worsened in 1921 when payments needed to be made

  • With currency weakening and inflation increasing, paying this became harder and harder.
  • In 1922, the German…

Comments

No comments have yet been made

Similar All resources:

See all All resources »See all Weimar resources »