1. Born out of the German Revolution of November 1918….
WEIMAR REPUBLIC
Born out of the German Revolution of November 1918….
Liberal Democracy that lapses in the 1930’s
Faces numerous challenges (reparations, Ruhr occupation, Hyperinflation, political extremists on the LEFT and RIGHT, global depression, etc.)

2. Leads to run-away inflation, HYPERINFLATION
REPARATIONS
Make first payments in 1921
Unable to do so in 1922, France decides to come in and occupy the Ruhr, Germany’s Industrial Heartland
Leads to run-away inflation, HYPERINFLATION
and
CATASTROPHY

3. HYPERINFLATION

4. Response to crisis of
Dawes Plan- American Banks loan money to Germany so they can pay reparations. Circular-plan works…but only short-term
Creation of new Currency, Rentenmark provides international confidence

5. Weimar Republic The Golden Years 1924-’29
Goldene Zwanziger
Growing economy coincided with decrease in civil unrest, but…
U.S stock-market crash of 1929 changes all that!