The Great Depression was one of the main events that caused the collapse of the Weimar Republic
Disaster at the New York Stock Exchange, collapse of share values, bankrupted much of the US economy
October 1929
The Great Depression was one of the largest crashes in American history, economists still argue about what really caused it
Great Depression in Germany
Industrial production fell by more than 40%
50,000 businesses went bankrupt
6 million Germans officially unemployed by February 1932
Decrease in GDP
Due to 40% fall in industrial production and 50,000 businesses going bankrupt
Increase in unemployment
Reached 6 million by February 1932
Real wages
Fell by 1/3 by 1932
Majority of unemployed were under the age of 25
Younger people attracted to the Nazi Party
As they saw it as a way to find relief and like-minded individuals
Homelessness and poverty increased as a result of the Great Depression
American economists and businessmen pulling investments from Germany
Contributed to the problems caused by the Great Depression
US government demanding more reparations
Worsened the impact of the Great Depression in Germany
The Great Depression marked the end of the Golden Age of the Weimar Republic
Gustav Stresemann, the architect of the Golden Age, died in the same month the Great Depression began
There was no democratic politician of Stresemann's calibre to replace him and keep everything in line
The grand coalition of SPD and other centrist parties became more unproductive from 1928
In 1930, President Hindenburg dissolved the Reichstag when it refused to approve the budget
Economic downfall
Leads to the rise of extremist parties
In the 1930 election, the KPD (Communist Party) and NSDAP (Nazi Party) gained a significant number of seats in the Reichstag
The NSDAP became the second largest party in the Reichstag, giving them considerable power
Between 1930 and 1932, the Reichstag passed only 22 bills, while Hindenburg issued 109 emergency decrees
Some historians argue that democracy in Germany ended in 1930 due to Hindenburg's increased use of emergency powers
In 1932, Brüning brought an end to Germany's reparation payments, which had been a significant burden
Brüning's success was short-lived as the army began to have increasing influence in politics, with General von Schleicher gaining considerable influence
Brüning was replaced by Franz von Papen as Chancellor in 1932
The political climate and constitution in Weimar Germany were collapsing under the strain of the Great Depression, leading to the rise of extremist parties like the Nazis and Communists
NSDAP
National Socialist German Workers Party
Hitler's 25-point program
Mix of nationalism and socialism
The Nazi NSDAP were not actually left-wing despite the phrase "socialism"
Hitler's use of "socialism"
Meant a Workers' Party and People's Party, not the same as modern socialism
Nazi Party
More nationalist than socialist
Strove for a "people's community" (Volksgemeinschaft)
Extreme right-wing party
Hitler became the party leader
1921
NSDAP became the largest far-right group in Bavaria
1923
Hitler's ideology
Very extremist
Anti-semitism was hugely popular in Europe at the time
Believed in a hierarchy of races, with some being inferior
Hitler blamed the Jews for Germany's problems and created a "Jewish conspiracy" in his book Mein Kampf
Lebensraum
Living space for German-speaking citizens and the Aryan race
Hitler's plans outlined in Mein Kampf, such as expanding eastwards and eliminating Jews, came as a surprise to many when he actually implemented them
Mein Kampf is poorly written and boring
Development of the Nazi Party before the Great Depression
1923-1928
Hitler's attempt to seize power in 1923 (the Munich push) failed