Search results
Results From The WOW.Com Content Network
Hyperinflation affected the German Papiermark, the currency of the Weimar Republic, between 1921 and 1923, primarily in 1923. The German currency had seen significant inflation during the First World War due to the way in which the German government funded its war effort through borrowing, with debts of 156 billion marks by 1918.
The Weimar Republic, [d] officially known as the German Reich, [e] was a historical period of Germany from 9 November 1918 to 23 March 1933, during which it was a constitutional republic for the first time in history; hence it is also referred to, and unofficially proclaimed itself, as the German Republic.
The Weimar Republic in Germany gave way to two episodes of political and economic turmoil, the first culminated in the German hyperinflation of 1923 and the failed Beer Hall Putsch of that same year. The second convulsion, brought on by the worldwide depression and Germany's disastrous monetary policies, resulted in the further rise of Nazism ...
In Germany between the two world wars, inflation rose to such a point in the early '20s that a loaf of bread cost a million or more marks. Cities and townships printed their own money in a ...
In Germany, there was a socialist revolution which led to the brief establishment of a number of communist political systems in (mainly urban) parts of the country, the abdication of Kaiser Wilhelm II, and the creation of the Weimar Republic. On 28 June 1919 the Weimar Republic was forced, under threat of continued Allied advance, to sign the ...
During the Nazi regime, works on the Weimar Republic and the German revolution published abroad and by exiles could not be read in Germany. Around 1935, that affected the first published history of the Weimar Republic by Arthur Rosenberg. In his view, the political situation at the beginning of the revolution was open: the moderate socialist ...
6 February: The first meeting of the National Assembly takes place in Weimar, the city associated with Goethe and Schiller that will give the new republic its informal name. Berlin is considered too politically unstable to be the meeting place. [23] 11 February: The Weimar National Assembly elects Friedrich Ebert of the SPD as president of ...
The refusal to admit the collapse of the German army gave way to the stab-in-the-back myth, which alleged that the government formed by the socialists betrayed the army by signing the armistice while still in a state of combat. German nationalism, incarnated by the defeated military, did not recognize the legitimacy of the Weimar Republic. [52]