Germany+in+the+Depression


 * __Germany in the Depression__**

Tori Filipenko & Lucy Higgs In October 1929, the Weimar republic was devastated by the Wall Street Crash and the depression that followed it. With the crash, it had an impact on America too. The US sent loans to the Weimar republic which were the Dawes Plan and the Young Plan to help assist with Hyperflation in 1923. Now American needed the money back to help assist with their failing economy. Stresemen died in 1929 and claimed the Weimar was very fragile. The US gave Germany 90 days to pay them back and was effectively bankrupt by the end of 1929 and incapable of lending out money. Throughout Germany in zones such as the Ruhr went Bankrupt and millions were laid off. Unemployment hit nearly every German family for 6 years after the economic disaster.
 * __Introduction:__**
 * __Problems:__**

-Inflation- In the summer of 1929 there were over 1 million people without jobs.

-The largest German bank was the Darmstader und National bank that was a bust.

-Panic spread as people feared for the value of their money.

-Germany, South America, France, Belgium, Netherlands, Switzerland and Italy did not leave the Gold Standard like the US did in 1933.

-Germany went through political upheavals bought by despair and outraged nationalism.

-Food declined and prices slumped.

-Self-employed storekeepers and farmers lost their jobs and money.
 * __Solutions:__**

-To protect inflation, the chancellor at the time, which was Chancellor Bruning took desperate measures including cut wages and restricted imports.

-Tarriff Barriers

-International financial organization called the bank of international settlement which was set up in 1930 to provide machinery for the payment of war reparations.

-November 1923, was an attempt of solutions and revolutions was made by many small nationalist parties that gathered in Munich but it was a failure, and Hitler sent to prison.

-End of 1923, a new currency was introduced; it was called Rentenmark. And old paper money was worth nothing.

-The Dawes Plan helped war reparations which was the main financial problem that Germany had at this time.

-Nationalists and extremists tried to get the attention of the government to make the economy and peoples’ lives better.
 * __Economy:__**

-Germany started to recover in second half of 20’s after the inflation and the French occupation in 1923.

-Germany went through sickness with kids, strikes, loss of jobs, malnutrition, political problems.

-Germany slid into an economic disaster and defended themselves from France and war reparations.
 * __Interesting Facts:__**

-The effects of the Great Depression in Germany that brought the Nazi Party to its first real nationwide importance.

-People who did have jobs made barely enough to survive.

-Hired farm hands only made $216.00 a year. A doctor made $3,382.99 a year.

-People who had savings in banks lost all their money. Banks had lent the money out and there was no money to pay it back.

-Monopoly was created in 1935 and was on the market and was a very popular game. This was because the thought of being rich enough to buy and sell properties was fun!