To what extent was the rise to power of the Nazis due to the Wall Street Crash?
Historian Carr writes "It is inconceivable that Hitler could have come into power had not the Weimar Republic being subject to the unprecedented strain of a world crisis", thus he thinks that the Wall Street Crash was the cause of problems in Weimar leading to the rise of the Nazis. In 1933 the Nazi party took control of Germany, installing Hitler as chancellor. Evidence would suggest that the Wall Street Crash was a major factor in the Nazi's rise to power, however there were other factors such as the fall of the Weimar Republic and the attraction of the Nazi ideal. Historian Conan Fischer says that "The worsening economic situation triggered the slide
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In the lead up to the depression the Nazis had 12 seats and just two years later in the peak of the economic crisis the Nazis had 107 seats. This reflects the dissatisfaction that was shown in the present government and the fact that Hitler was the only person who promised the solutions that they people wanted. Many historians have stated that if Stressman had not died in 1929 then Germany may have recovered to its former strength and Hitler may never had the chance at gaining power. From 1930 onwards the country is being ruled by presidential decree through the use of Article 48, so therefore no party could gain a majority for the German economy to get back on its feet. Hitler took advantage of these times of hardship and promised these desperate people what they wanted, employment and a way out of these poverty times. Hitler was the only option left, and is desperate time people look for desperate politics to solve these problems. Weimar
The Weimar Republic came into being on November 1918 and was born in the throes of military defeat and social revolution. In January 1919, a National Assembly was elected to draft a constitution. The government, composed of members from the assembly, came to be called the Weimar coalition and included the SPD, the German Democratic Party and the Centre Party. Weimar was a rushed and often referred to as a mistaken democracy'. Its been said "The dysfunctional nature of Weimar democracy ... aided
Hitler’s assumption of power on the 30th of January 1933 was seemingly due to the mass popularity of the Nazi party. However it was far off achieving the 50% majority it needed to put Hitler automatically in power. As well as popularity, backstairs intrigue and the short-sightedness of those in power enabled Hitler to become Chancellor. The weaknesses of Germany’s political leadership were fundamental to Hitler’s success. In some senses the popularity of the party only provided an opening, available for exploitation.
After Germany’s humiliating defeat in World War I, Germans had little faith in their government, and in the early 1930s following the stock market crash in New York, Germany was economically struggling . Millions of people were out of work due to the world wide catastrophe making it an opportune time for Hitler and the Nazis to rise into power. Hitler, who was a powerful and spellbinding speaker, attracted Germans desperate for change. He promised to make Germany a better country and promised the disenchanted, a better life. Nazis appealed especially to the youth, unemployed, and members of the lower to middle class. Hitler’s rise to power seemed instantaneous. Before the economic depression, Nazis were virtually unknown, winning less than 3 percent of the vote to the Reichstag, which was the German Parliament. However, in the 1924 elections, the Nazis won a whopping 33 percent of the votes which was more than any other party. In January of 1933, Hitler was appointed Chancellor, the head of German Government . The Germans were convinced that they had found a savior for the Nation. The timing of his rise made it very easy for Hitler to gain power in a democratic government because people were hopeless and wanted a fast solution to the deficit. He promised things like a stronger economy, prosperity, and anything that they desired . He focused on first getting noticed and then grew from there. He didn’t say anything but what the people wanted to hear. Getting the people of Germany to trust him was how he started to gain so much control. Unfortunately, Hitler’s charm and persuasion was not the sole reason why Hitler gained so much power in a democratic
Due to the failure of the Weimar Republic and general public dissatisfaction arising from poor economic conditions exacerbated by the Treaty of Versailles, coupled with the 1929 Wall Street Crash, German citizens were understandably desperate for change. Until this point in time the Nazi party, and Hitler, had been essentially unpopular. However, the economic situation ensured Hitler’s increasing popularity as the people looked toward more extreme but non-communist ideals. The initial consolidation of Nazi power in 1933 arose from key events such as the support of the Nationalist Party with the Nazis to form a coalition government, implementation of the Enabling
Thus, a series of parties against the Weimar gained power, although through coalition, reducing the power of the already fragile Republic. Here we can see the system of parliamentary democracy was a factor in the collapse of the Weimar. The series of economic crisis’ which affected post World War One Germany assisted in both the fall of the Weimar and the rise of Hitler. The Treaty of Versailles left the country with extremely large debts and when Germany did not keep up with payments, the French responded by invading the Ruhr, an industrial region in Germany, resulting in a general strike and ruining the middle class who would eventually make up the foundation of Nazi supporters.
During the 1930’s Germany was at an all time low as the worldwide economic depression hit Germany hard. The confidence in Germany from the people was lacking due to the fresh memory of their defeat in World War I. This caused great need of a new leader, someone who could give the people change, and Adolf Hitler knew he could do just that. His rapid rise to power began when he started to promise things that intrigued the German people. He promised the hopeless and needy a better life, and promised opportunities that were exactly what the people needed. This caught the attention of so many young unemployed and middle class people. His party, known as the Nazi Party, won 33 percent of the votes in the 1932 elections. And by January 1933, Hitler was appointed chancellor, which was the head of the German government. Germany started to feel like they might've found the leader they'd been so desperate for.
The Nazi group had a major impact on the government and influenced the decision for the next Chancellor of Germany. “...Paul von Hindenburg, had appointed Hitler Chancellor. Having won more than 37 percent of the vote in the previous year's legislative elections, Hitler's Nazi party had enough power to effectively paralyze Germany's democratic government, which had been in place since 1919,” Smith says (pg.15). This shows that Hitler's Nazi group was extremely powerful and explains how Hitler arose to power. This quote reveals that Hitler had the most power since 1919, which demonstrates how powerful Hitler will become in the future. “By the early 1930’s, Germany was in desperate shape. Its defeat in World War One and the harsh conditions imposed by the United States, Britain, and France in the 1919 Treaty of Versailles - included debilitating reparation payments to the victors - had left Germany humiliated and impoverished, with ruinous inflation eating away at its economy. The worldwide Depression that followed the 1929 U.S. stock market crash exacerbated the situation as banks
The economic misery, the belief that things would only get worse, as well as frustration over their government’s inability to manage the depression was the perfect breeding ground for the spread of Adolf Hitler’s fascism. He was an extremely powerful speaker, and had an ability to tap into the anger felt by a lot of Germans (“The Nazis Rise To Power”).
After May 1930, German President Hindenburg authorized Chancellor Heinrich Bruning to rule by decree. Bruning’s cuts in government spending and in wages and prices worsened the Depression in Germany.
By 1924, after years of crisis management and attempts at tax and finance reform, the economy was stabilised with the help of foreign, particularly American, loans. This relative "golden age" was reflected in the strong support for moderate pro-Weimar political parties in the 1928 elections. However, economic disaster struck with the onset of the world depression in 1929. The American stock market crash and bank failures led to a recall of American loans to Germany. This development added to Germany's economic hardship. Mass unemployment and suffering followed. Many Germans became increasingly disillusioned with the Weimar Republic and began to turn toward radical anti-democratic parties whose
Hitler’s rise to power was because of The Great Depression in 1929. Hitler was a strong,
The Great Depression played a big role in helping the Nazi Party capture power. Many nations were suffering from the Great Depression in 1930, including Germany who had to pay for the war reparations. During this period of economic and politic crisis, the country had been easily influenced by the politics parties. They wanted someone who is capable and had what it takes to be their leader to lead them through the huge crisis that they were facing. Most Germans who are in desperate state as they wanted Germany to be like once, able to be proud of and not in such a state where they had to struggle to fulfill the almost impossible terms of the Treaty of Versailles. They considered that period as a disgraceful decade in their history. Due to
The Failure of Democracy in Germany in the Period 1928 to 1934 Those in power in Weimar Germany so consistently mishandled the political and economic situation leading up to the period 1928-1934, that a well-structured challenge from the Nazi Party brought about the fall of democracy. This Nazi Party was stronger ideologically, structurally within the party and politically, with Hitler as Fuhrer a major factor himself. In addition, factions within Germany for whom a right-wing political system was more beneficial, such as the army and big business, aided the eventual change in governance. Thus a series of events occurred which can be summarised by these three main factors: failure of the Weimar
<br>The stock market crash of 1929 effected practically every nation in the world. Germany was already suffering a post-war depression and was greatly effected. Hitler used the suffering of the masses to gain political support. He gained a strong following from the
There were various factors that contributed to the failure of the Weimar Republic of Germany and the ascent of Hitler’s National Socialist German Workers Party into power on January 30, 1933. Various conflicting problems were concurrent with the eventuation of the Republic that, from the outset, its first governing body the socialist party (SPD) was forced to contend with.
the Dawes plan in 1924 now wanted it back as they were now in debt