Search results
Results From The WOW.Com Content Network
The Weimar Republic was severely affected by the Great Depression. In 1926, about two million Germans were unemployed, which rose to around six million in 1932, with many blaming the Weimar Republic. As the Weimar Republic was very fragile throughout its existence, the depression was devastating and played a major role in the Nazi takeover.
The Great Depression began in the United States of America and quickly spread worldwide. [42] It had severe effects in countries both rich and poor. Personal income, consumption, industrial output, tax revenue, profits and prices dropped, while international trade plunged by more than 50%.
October – The Wall Street crash of 1929 marks a major turning point in Germany: following prosperity under the government of the Weimar Republic, foreign investors withdraw their German interests, beginning the crumbling of the Republican government in favor of Nazism. [1] The number of unemployed reaches three million. [2]
The New Deal was a constellation of economic stimulus policies and social programs enacted to lift America out of the Great Depression, and it touched every state, county, and city, as well as thousands of small towns and reached deep into rural areas with its conservation works.
The second Brüning cabinet, headed by Heinrich Brüning of the Centre Party, was the eighteenth democratically elected government during the Weimar Republic. It took office on 10 October 1931 when it replaced the first Brüning cabinet , which had resigned the day before under pressure from President Paul von Hindenburg to move the cabinet ...
The term "The Great Depression" is most frequently attributed to British economist Lionel Robbins, whose 1934 book The Great Depression is credited with formalizing the phrase, [230] though Hoover is widely credited with popularizing the term, [230] [231] informally referring to the downturn as a depression, with such uses as "Economic ...
The ideology reached its peak relevance during the Reconstruction period following the Civil War. Radical Republicans sought to guarantee civil rights for African Americans, ensure that the former Confederate states had limited power in the federal government, and promote free market capitalism in the South in place of a slave based economy.
In the fourteen years the Weimar Republic was in existence, some forty parties were represented in the Reichstag.This fragmentation of political power was in part due to the use of a peculiar proportional representation electoral system that encouraged regional or small special interest parties [1] and in part due to the many challenges facing the nascent German democracy in this period.