Germany
Economic Crisis
Due to the debt that Germany had to pay to France, the German economy greatly inflated and caused the Mark's value to diminish. German Marks were worth next to nothing after this inflation. In the picture below, this is a ten trillion mark that is considered worthless.
|
People would put that money to other uses like burning to provide a heat source and building blocks for children. In November 1921, one U.S. dollar was worth 330 German Marks. In December 1922, it cost 800 Marks to buy one U.S. dollar. In just one year, the value of the Mark fell by 142%.
|
The Dawes Plan
The Young Plan
Hitlers Rise to Power
Against Hunger and Despair! Vote Hitler!
Sources:
Ellis, Elisabeth Gaynor., Anthony Esler, and Burton F. Beers. "The Rise of Totalitarianism." Prentice Hall World History. Upper Saddle River, NJ: Pearson Prentice Hall, 2007. 910-917. Print.
"Hitler Comes to Power." United States Holocaust Memorial Museum. United States Holocaust Memorial Council, n.d. Web. 13 May 2015. <http://www.ushmm.org/outreach/en/article.php?ModuleId=10007671>.
"The Dawes Plan of 1924." The Dawes Plan of 1924. N.p., n.d. Web. 13 May 2015. <http://www.historylearningsite.co.uk/dawes_plan_1924.htm>.
"The Dawes Plan, the Young Plan, German Reparations, and Inter-allied War Debts - 1921–1936 - Milestones - Office of the Historian." The Dawes Plan, the Young Plan, German Reparations, and Inter-allied War Debts - 1921–1936 - Milestones - Office of the Historian. N.p., n.d. Web. 13 May 2015. <https://history.state.gov/milestones/1921-1936/dawes>.
Truman, Chris. "Joseph Gobbels". History Learning Site. HistoryLearningSite.co.uk. 2014. Web. 14 May 2015. <http://www.historylearningsite.co.uk/joseph_goebbels.htm>.