According to Document 2 “In the period following the end of World War 1, Germany experianced a disastrous perioid of inflation. The German governemnts method of financing the war by borrowing heavily and printing large quantities of unbacked currency began th inflationary spiral. This lead to political violence.” The german economy was in ruins at the time, one us dollar was equivilant to 4,200,000,000,000 German marks at one point. This helped Hitler Rise to power because the people felt that their economy was very very weak because of the government, and they wanted a new upgraded government.
Hyperinflation became so grave that it became more economically viable for German citizens to burn German Marks to fuel their furnaces instead of buying real fuel, as four trillion German marks were equivalent to one U.S. dollar (Doc. 6-7). These economic troubles did not stay contained in Germany, for Germany consistently defaulted on its payments to countries relying on German reparations to keep their economy afloat, resulting in many other large European countries falling into extreme debt (Doc. 6). The Treaty of Versailles had no plan to preserve the economy of Europe (Doc. 3), rather only a very flimsy idea to make Germany fix everything, showing once again that its impacts did far more harm than good on the overall economic and political stability of Europe. The Treaty of Versailles also had no plan to stabilize the newly created countries of Europe or make Germany and its allies “into good neighbors” (Doc. 3, 8), all of which led to extreme instability and unpredictability in Europe, as well as the German government itself, a mistake which paved the way for the rise of Hitler and the Nazi
[Doc 1]. This responsibility forced Germany into massive debt, as they had to pay large sums of money while their economy was still in ruins from the war. This plight initially led to the weakened economy described
World War 2 had changed life on the homefront and completely switched gender roles. As men went off to war the women had to replace their jobs and work in factories manufacturing firearms, bullets, vehicles, etc. The boys who were not old enough to go to war collected scrap material to make items for the soldiers. People even had to put a certain type of shades on their windows to stop light from being seen on the outside in fear of giving the enemy bombers a target. World War 2 even started many social justice movements to stop racism even though it was still present during the war.
During World War 1, the demand of food was high. The US provided for not only their own soldiers, but also those of other nations, and even the civilians in the rampaged neighborhoods. The farmers had confidence and used the income from the government to buy more land and machinery on credit. Banks supported the farmers while the industry boomed. When the war came to an end, the demand dropped but the supply rose.
German inflation occurred and their economy collapsed. Throughout 2 and 6 the ideals of debt for Germany are expressed. In document 2, John Maynard Keynes shares his work called The Economic Consequences of Peace. It basically discusses the severity of the economic depression in Germany. It also talks about how it could lead to starvation.
The European Union is currently undergoing economic struggles within its countries. Since joining the EU, Greece’s
Germany has been struggling a lot after WWI. Adolf Hitler and his Nazi party started blaming and
World War One helped make the United States the world power it is today by the Boom in Americas Economy, The Growth of the United States Military, and all of the new strategies and new technology. To start off, let’s talk about The Boom in Americas Economy. The United States traded with the Allies before the United States joined the war and during the war which gave the U.S. more jobs,money, and more joy. When the United States started to trade with the Allies, it also built support for them/ Allies. The information comes from the “Effects of World War 1” sheet that was given in class.
One of the main factors was hyperinflation. This is when prices increase while value of money decrease. According to the United States Holocaust Memorial Museum, hyperinflation caused a depression, which undermined, “the stability of the German economy.” Jobs were hard to find and didn’t pay enough even when you had one. This caused the people of Germany to be in desperate need of help from anyone who could offer it.
The world staggered in the aftermath of World War I. After the Treaty of Versailles in 1919, countries were left angry and frustrated; and America, though not as injured as those countries friendly with her, sat just as shell-shocked as others. For nations all over the world, the reality of the Great War affected economies and family units, debt was high and many families had lost loved ones. In America, battle deaths in World War I totaled over 55,000, with another 63,000 dying during military service, leaving the family structure challenged and changed. For children surviving this period, World War II would take on a different connotation as they, now as adults, faced their own responsibilities in a precarious and wounded world.
The Treaty of Versailles created multiple economic problems for Germany, such as inflation and unemployment, by demanding a reduction in Germany trade, reparations, taking away resources and industry. The German were separated from each other due to the Treaty of Versailles taking away Germany territory. An unpopular government was also put into place because of the Treaty of Versailles. Hitler wanted to make
America is known for its diverse culture and society. It is full of many races and contains various ethnic groups which help shape it and make it what it is. America is a country that was built by immigrants and slaves. The Germans and the Chinese were a part of the immigrants that helped to build the foundations on which the United States stands. The Germans were the first to come to America and the Chinese followed around 150 years later.
However German government printed more money to pay off the debt but it caused inflation. The government had 300 million papers and work 24 hours a day to pay a huge amount of debt. Germany wasn’t earning money properly, so it didn’t affect their wealth, which means they were still poor while they are keep making money. So prices of goods and education and services rose quickly. So many people didn’t go to the hospital, because it was too
They are now the third global source of FDI. Also they are the first investor in China. Globalization also had some disadvantages for Germany. For instance, in terms of capital, German
