@lordhighexecutioner I think you might have the facts wrong there was plenty of money Infact the goverment added millions more to be printed The money was worthless do to rising prices for items Add to this the terms of Treaty of Versailles where you had 25% of germanys working force out of work Shipping of all exports and imports run by the Ailled nations and choking points on cattle, Farmland, resources once owned by germany and a war bill that would of took 50 years to pay
Chancellor Heinrich Bruening implemented draconian austerity budgets using dictatorial powers - this included reducing public sector salaries by 15% at a time, forcing private sector wages down, triggering a deflation, reducing unemployment payments and eligibility times. This crashed the economy and a year into this the German banks collapsed. The Social Democrats, who did not forcefully oppose this "live within your means" policy lost most of its support, and the Nazi support skyrocketed.
An unfortunately common mistake - the 1923 hyperinflation figured into this when this was a long time before. What happened in 1930-33 was deflation.
lordhighexecutioner 1 year ago
Actually, as there was massive deflation money increased in value. It's just that there was no money available!
lordhighexecutioner 1 year ago
@lordhighexecutioner I think you might have the facts wrong there was plenty of money Infact the goverment added millions more to be printed The money was worthless do to rising prices for items Add to this the terms of Treaty of Versailles where you had 25% of germanys working force out of work Shipping of all exports and imports run by the Ailled nations and choking points on cattle, Farmland, resources once owned by germany and a war bill that would of took 50 years to pay
freakyflow 11 months ago
Chancellor Heinrich Bruening implemented draconian austerity budgets using dictatorial powers - this included reducing public sector salaries by 15% at a time, forcing private sector wages down, triggering a deflation, reducing unemployment payments and eligibility times. This crashed the economy and a year into this the German banks collapsed. The Social Democrats, who did not forcefully oppose this "live within your means" policy lost most of its support, and the Nazi support skyrocketed.
lordhighexecutioner 1 year ago
thank u very much for putting up that video it was very good were did you find those video clips by the way
antidisminty 1 year ago
@antidisminty
Found the clip on youtube. The clips are all together, but we just broke it apart. Tahnks
Schoolstuff2000 1 year ago