Depression and inflation in germany

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Depression and inflation in germany

  1. 1. Depression, Inflation, and Peace in Germany
  2. 2. Printing Money = Inflation During World War I Germany did not increase taxes to cover the cost of the war. Instead they printed more money.  When Germany lost the war and had to pay war reparations they printed more money.  This made the value of money decrease – simply put the more of something there is the less value it 
  3. 3. Date Marks (German currency) US Dollars 1919 4.2 1 1921 75 1 1922 400 1 January 1923 7000 1 July 1923 160,000 1 August 1923 1,000,000 1 November 1, 1923 1,300,000,000 1 November 15, 1923 1,300,000,000,000 1 November 16, 1923 4,200,000,000,000 1
  4. 4. Economic Problems = Government Problems People who were on a fixed income saw their life savings become worthless.  Many who were unemployed could no longer afford to feed their families.  This led to Germans questioning their new government and the value of a democracy. 
  5. 5. Economic Stability   Charles Dawe an American banker provided Germany with a $200 million loan from America to stabilize their currency (give it value). He also set a payment schedule for Germany. In 1924 the Dawes Plan went into action and helped Germany get back on track by 1929.
  6. 6. Peace?    After Germany’s economy was back on track a German representative met with a French representative in Locarno, Switzerland. They promised to never fight again and signed a peace treaty between Germany and France. For doing this Germany was allowed to join the League of
  7. 7. Kellogg-Briand Pact   After the Locarno meeting the US and France created the Kellogg-Briand Pact which was an agreement that countries would never use war to solve their problems. Many countries signed this pact including Germany and the Soviet Union.
  8. 8. Questions to Consider Who would enforce these treaties? How could these treaties be enforced? Once the economy in Germany stabilized do you think it would change the German people’s view of democracy? Why or why not?

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