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From June 1921, when a single payment of 1 billion gold marks was paid (roughly 1.4% of Germany's nominal 1925 GNP), until the agreement of the Dawes plan in late 1924, only relatively small cash payments were made by Germany, though partial in-kind payments continued. For example, of the 300 million gold marks due under a variable annuity in ...
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 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]
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 ...
A logarithmic scale depicting Weimar hyperinflation to 1923. One paper Mark per Gold Mark increased to one trillion paper Marks per Gold Mark. Historians and economists differ on the subject of whether, and to what extent, reparations were a cause of hyper-inflation in the Weimar republic.
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 ...
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 ...
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 ...