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How the treaty of versailles effected germany economically
How did the treaty of versailles directly impact Germany's economy and gov't
How did the treaty of versailles directly impact Germany's economy and gov't
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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.
After the war, another way, England and France wanted to ensure Germany could never become a global superpower again was by crippling. They were economy by making them pay debt to the entire world for “ causing the war.” Article 232 and 233 of the Versailles treaty states Germany, “Will make compensation ($367 billion) for all damages done. the entire obligations within a period of thirty years from May 1, 1921” (Doc C). Having to pay such a large amount of money destroyed the German economy and was overall shameful to the
Also the Treaty made Germany unwillingly pay reparations for the damage they caused during the war,
[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
He came to power because life for the German people was very difficult after the Treaty of Versailles. Germany was forced to borrow money from America to pay its debts to England and France. When the United States was faced with the Great Depression they no longer were able to assist Germany in any way. Without America’s help Germany could not repay their debts, therefore they fell into a severe depression. Germany’s money became close to worthless.
Germany was punished harshly, in the Versailles Treaty, over their involvement in the Great War thus provoking anger and humiliation which set the stage for World War II. Disciplines such as significant territorial
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.
These countries heavily relied on the U.S. to lend them money so they could pay back debts from the war. Later in the depression countries were unable to payback their debts due to the growth of protectionism and international trade decreasing. For example, Britain and France were in need of german reparations to pay off their own debts, but Germany was unable to meet this demand because their own economy was already falling to pieces. Because of Germany's inability to make the reparation payments, it affected other countries.
He tried to create a partner that would never leave and in order to accomplish this he drilled holes in their skulls and tried different chemicals to try to create a “zombie.” Dahmer’s twisted logic led him to eat his victims in order for them to be a part of him. Clearly, these actions are not of a person you would consider sane. Dahmer tried unsuccessfully to uses the insanity defense.
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
The Potsdam Conference in 1945 stated that they wanted to put back Germany’s economy together, however, the other powers had a conflict of interest during their occupation which led to drastic differences between East and West Germany. Different policies were set on either sides, and there were conflicts between the U.S. and Russian zones. The Soviet Union stopped the manufacturing of equipments, which was a major source of money of the reparations, on the other hand, in West Germany, there was a greater concentration on building up the economy.
When Germany printed overloads of money it caused hyperinflation. Money was barren. Food prices were high and countless people could not afford food and starved. Children were playing with packed money out on the streets. To solve Weimar’s economy problem, Gustav Stresemann introduced new currency.
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
“Tariff barriers are duties imposed on goods which effectively create an obstacle to trade, although this is not necessarily the purpose of putting tariffs in place” (wiseGEEK, 2015). Tariffs can make it very difficult for the importers because they must import less due to not being able to afford the tariffs. Germany’s few tariffs are on bananas, certain pharmaceuticals, rice, and uranium. There were also technology agreements on computer monitors, printers, and certain cable or satellite setups that finally ended in 2011. Some imported goods to Germany would be jewelry, books, footwear, lawn equipment, mining equipment, plastic, oil, gas, and so on.
that someone needed to pay for. Germany was forced to sign the Treaty of Tordesillas that would make them pay for the building up of Europe. This
