Inflation's Effect On The Citizens Of The Weimar Republic

Improved Essays
Before 1919 Germany was under the power of Kaiser Wilhelm II. Kaiser has all control over the Germany. He always elected the government officials. But World war one changed that all. Germany citizens were always under the impression that they had their power over the world even then empire was falling apart. When the people of their country figured out that they were lied to, they rebelled again the government. There was a drastic change in the change of on Germany’s Government after the world war one. Germany was a giant mess the day world was one was over. Germany needed a big recovery to get itself back on its feet. After world war one, Germany had become a democracy country. “After a short period of political chaos, the members of the Reichstag met in the small town of Weimar, near Berlin, and set up a new …show more content…
They had fallen off their own feet. Their situation was so bad that the government had to print money 24/7. Inflation had a drastic effect on the citizens of Germany. Many older generation were having a difficult time living through this time of their history. “In 1922, a loaf of bread cost 163 marks…November 1923, a loaf of bread cost 200,000,000,000 marks” ( ). The inflation effected people so bad that they got paid by the hour. The money you would have earn during the start of your shift, would be valued at nothing by the time you got out of work that same day. “The group that suffered a great deal - proportional to their income - was the middle class. Their hard earned savings disappeared overnight” ( ). Imagine being a good citizen of Germany and you always paid your taxes and saved up lot of money for retirement. Now that money was so worthless, you could have earn that in maybe half days of work. These were the difficult time that the citizen of Germany had been trough. Their citizens couldn’t live in a place where they had called their home all because of their harsh

Related Documents

  • Superior Essays

    Hyperinflation In Germany

    • 1298 Words
    • 6 Pages

    On October 29, 1929 there was a wall street crash in the United States that savaged through nearly the entire world’s economy. (source G) Countries had to slow down in the amount of goods imported into the land and famine soon spread around the world. Germany itself depended on loans from the United States and now it had to find a way to survive. With the Great Depression taking course in history, every country had to find money from wherever they could and survive with merely scraps. People lost their hope; suicide and crime rate skyrocketed and the Weimar leaders didn’t know what in the world to do.…

    • 1298 Words
    • 6 Pages
    Superior Essays
  • Improved Essays

    According to the article “The Great Depression Brings Economic Crisis” from the book Great Events, The Stock Market Crash of 1929 caused one of the largest economic depressions in the history of the United States causing many American families to lose nearly all of their money. When this occurred, the United States government did very little to help the citizens of the United States leaving families and the working class to fight for their survival. The Stock Market Crash of 1929 changed the lives of the United States working class as the crash caused money loss, job loss, poor living conditions, lower wages, and struggles for food across America for the working class during the 1930s. The Stock Market Crash of 1929 caused several losses for…

    • 1472 Words
    • 6 Pages
    Improved Essays
  • Improved Essays

    Since the loans have stopped coming in from the US German workers started to lose their jobs. In January 1928 just before the Wall Street crash and the depression had started Germanys unemployment rate was at a massive 1620000 people who were out of work or unemployed. Although by 1930 a year into the depression the numbers of unemployment rose to 32180000 people without work or unemployed. Before the depression Germanys numbers were at a high for unemployment but since the depression in has tripled in under a year. Germany were in such a bad place with their finances before the depression and that was because of the war and this also showed that Weimar’s reputation was on the verge of failing.…

    • 1665 Words
    • 7 Pages
    Improved Essays
  • Improved Essays

    Sobibor: Movie Analysis

    • 849 Words
    • 4 Pages

    It all started with the inflation staring in 1914 and ending in 1923. Inflation is when the money becomes less valuable and therefore you pay more for your food and don’t get the amount you should have paid for it. It put lots of people living in Germany out of their jobs and the environment became very poor and weak. Just as the Germans were getting back on their feet, the stock market crashed in 1929. People lost tons of money and many companies went out of business because so many people sold their stocks back so they wouldn’t lose everything.…

    • 849 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    When Germany missed a reparation payment of telephone poles to France, their precious mining land was taken from them. In effect, 30% of the German working population was unemployed. The high unemployment rates were mostly due to the loss of Saar and the dramatic reduction of the German military. Without any mining land left in their possession, the Weimar Government had to print excess money in order to pay their reparations. In 1914, the German Mark compared to the US dollar was approximately 4:1.…

    • 1015 Words
    • 5 Pages
    Improved Essays
  • Superior Essays

    In turn, that meant, combined with their already building debt, the banks did not have enough money coming in. The Stock Market Crash of 1929 was a leading cause and the beginning of The Great Depression but the tipping point of it was because there was a money shortage throughout the banks in America. “By the spring of 1930, six months after the crash, more than 4 million Americans were out of work” (Glassman 29). Businesses who lost money in the crash had to lay off workers and stores were not making any money because no one had money to buy goods. The Great Depression was the worst economic downturn in American history, and with President Herbert Hoover, who was unwilling to step in and help the growing poor population, it was a never ending cycle that could not be broken.…

    • 1478 Words
    • 6 Pages
    Superior Essays
  • Improved Essays

    The Treaty of Versailles combined with the War Guilt Claus smashed Germany’s dignity and economy. This caused nationalists to take a step forward, making life harder for politicians, however the Nazi party began to gain popularity…

    • 1092 Words
    • 5 Pages
    Improved Essays
  • Superior Essays

    The Great Depression Mr. Flores March 5, 2016 IB History The Great Depression During the Great Depression, american families were struggling to survive the drastic changes that the depression had on them. Many significant components of the depression had mainly to do with the impact it had on american families. After the stock market crashed in 1929, and the debate about economic crisis, that is where the lives of american families changed dramatically. There was a numerous amount of families that were left unemployed, without a home, suffering from malnutrition, and starving. The Great Depression definitely changed american families greatly, placing great economic, social, and psychological demands and strains upon families.…

    • 796 Words
    • 4 Pages
    Superior Essays
  • Improved Essays

    The Outcomes of the war were different but both presented the German people with significant problems. The greatest amount of change came to Germany’s political structure with the abdication of the Kaiser. As William II fled Germany the SPD, Center and Liberal parties took over and turned Germany into a full-scale democracy. The SPD and Center part had been the opposition parties to the Second Reich. In 1919 a national assembly was held in Weimar where a new constitution for the German Reich was written.…

    • 1595 Words
    • 6 Pages
    Improved Essays
  • Improved Essays

    After the signing of the treaty, Germany had a major downfall. This treaty affected the economic, social, and political overview of Germany. During this time, Hitler took his chance to come to power. He used his Nazi-propaganda, powerful words, and harmful actions in order to take his beloved country back to the top. Due…

    • 741 Words
    • 3 Pages
    Improved Essays