To What Extent Was The Dawes Plan A Turning Point For Weimar Germany

1788 words - 7 pages

"To what extent was the Dawes Plan a turning point for Germany, 1919-1933?" Explain your answer.The Dawes Plan of 1924 was formulated to take Weimar Germany out of hyperinflation and to return Weimar's economy to some form of stability. It helped Germany return to its pre-war state. Economically, socially and politically Germany seemed to be more stable than it was in previous and following years. However, this stable period seemed to have been built on unstable foundations.The economy appeared to have stabalised with the introduction of the Dawes Plan. Before 1924, Germany was experiencing hyperinflation. The old Papiermark was rapidly depreciating and so Germany had to print more and more of it to pay reparations. By December 1922 the Mark fell to 800 Marks per Dollar. This in turn led to the occupation of the industrial zone Ruhr by French and Belgian troops in January 1923. As Germany was struggling to pay its reparations, the French demanded payment by goods, German workers responded by adopting the policy of passive resistance. By November 1923, the American dollar was worth 4,210,500,000,000 German marks. So, in 1924 the Dawes Plan was formulated. The first major decision was that the Ruhr was to be returned to the full control of the Germans. By removing French and Belgian troops from the Ruhr, the Dawes plan had removed the most grievous issue in the area as this had restricted levels of productivity. Furthermore, with the Dawes Plan, Stresemann was able to scrap the old Papiermark and introduce the new Rentenmark. Also, Weimar's national bank, the Reichsbank, was restructured under the supervision of the Allies. This was a turning point for Germany as this led them out of hyperinflation and allowed a functioning bank and currency to take over, bringing about economic growth and affluence. Also, the Dawes Plan meant that reparations would be spread about a longer time. This meant that Germany could focus more on stablising its economy than spending its small profits on paying reparations. Germany seemed to have received the money it needed to rebuild its economy and by 1928 Germany finally achieved the same levels of production as before the war. The debt to GDP ratio went down by 145% in the first year and Germany appeared to be doing well.However, its recovery only seemed to be successful in the first year. Firstly, it never solved the problem of unemployment. From 1924-5 unemployment went down from 5% to 3%. Yet from 19256-6 it soared up from 3% to 10%. The economy was growing, but it was not creating jobs fast enough for Germany's growing population. Another serious problem that the economy faced was that it was totally reliant on American loans- that could be withdrawn at any time. They were always in risk of America calling back their loans and this could have brought Germany into a worse state than it was in before 1924. Germany also relied on other countries that were buying her exports, at a time when world trade was not high....

Find Another Essay On To what extent was the Dawes Plan a turning point for Weimar Germany

To what extent was Germany responsible for the outbreak of war in 1914?

981 words - 4 pages eliminate the French threat before recycling the Russian threat. Belgium being neutral and allied to France and England made the situation worse than what it was for the German Empire. The use of the Schlieffen plan was not a good idea from Germany because it did make a big difference on who to blame for being responsible for the outbreak of war. It only made the German Empires position more tight.Germany can be blamed for the outbreak of war in 1914

To What Extent Was Germany Responsible for the First World War?

2175 words - 9 pages , many other events had occurred outside Germany's control, which had the same effect. Germany was also largely responsible for allowing the conflict in the Balkans to escalate into a major European conflict, by giving Austria-Hungary free reign, though it was not their intent. However Germany should not be held responsible for implementing its Schlieffen plan once war seemed immanent, as it was militarily necessary. Despite having large

To what extent was Bismarck responsible for the unification of Germany?

1740 words - 7 pages opponents were an additional advantage, which should be considered when discussing what united Germany. When Prussia put forward a candidate for the Spanish throne, France put Prussia under pressure to withdraw their candidate. Prussia did so and they were humiliated. Bismarck was furious at this and wanted war. Napoleon then made the mistake of making a second demand; he told Prussia they should never put forward a candidate ever again. This

Was the tet offensive a significant turning point?

846 words - 3 pages with more and why?Public support was the main reason for the withdrawal of American support in Vietnam.It was a turning point to a certain extent, however evidence has shown that public support was already extremely low, and in a decline.

To what extent was the Weimar government successful in addressing its social and economic problems? - IB History HL - Essay

1857 words - 8 pages Essay: To what extent was the Weimar government successful in addressing its social and economic problems? Following the first world war, Germany was left devastated by struggle, and faced various problems. Apart from the loss of major territories, its entire colonial empire, and its prestige, the nation had lost its Kaiser’s leadership, and founded a new republican government. The Weimar Republic, as it became known, suffered problems such as

How the Battle of Midway was the Turning Point of WW2 for America

2404 words - 10 pages Aleutian Islands, through Midway Island, Wake Island, the Marshalls, the Gilberts and the southern Solomons to Port Moresby. This defensive line would allow the Japanese to destroy the remaining units of the US Pacific Fleet as it was thought that Midway was held as a very important strategic point and that the US Pacific Fleet would be forced to attack from Hawaii to compete for control. The Combined Fleet had prepared a complex plan that was very

"A successful economic policy was the key behind Hitler´s maintenance of power in Germany." - To what extent do you agree with this statement?

990 words - 4 pages Dunia Malezai "A successful economic policy was the key behind Hitler´s maintenance of power in Germany." - To what extent do you agree with this statement? Hitler maintained power in Germany through a number of different measures. The successful economic policy, however, was the most important of all. The economic chaos in Germany after the Wall Street Crash of 1929 and the overall economic instability of Weimar Germany was a perfect

Question: To what extent was the policy of appeasement shown towards Germany the main cause of WW2?

2477 words - 10 pages Untitled History Essay Question: To what extent was the policy of appeasement shown towards Germany the main cause of WW2? "An appeaser is one who feeds a crocodile, hoping it will eat him last". This quote by Winston Churchill illustrates the views and beliefs towards the policy of appeasement demonstrated by many politicians during and after the war. Appeasement, after the World War Two ended was seen by many historians

How and why was the king’s attempted escape a crucial turning point in the revolution?

1102 words - 5 pages consequences it serves as a crucial turning point for the revolution. King Louis XVI believed the revolutionary changes he detested “had been provoked by a few radicals in the National Assembly and their demagogic control of Parisian ‘rabble’ (87).” As thousand flocked to see the kings caravan return to Paris it became evident he had misinterpreted the true influence of the revolution. Many of his loyal subjects rejected the notion removing

To what extent was Germany weakened through loss of territory militarily and economically?

570 words - 2 pages , its economy strained, its people with little food - and reparations only added to the hardship. £6.6 billion in reparations was a tremendous amount to pay, and soon Germany had fallen behind in payments. This was unacceptable to France, and only after the Dawes Plan of 1924 was drawn up did France withdraw its troops from the Ruhr area of the Rhineland. To realize the further toll that reparations had on Germany, we can look at the Young

The Emergence of Television as a Mass Communication Medium Was the Key Turning Point in Improving the Leisure Opportunities for the Ordinary Pe

2438 words - 10 pages important that it became a source of morale for the ordinary people of Britain. The radio began to broadcast the 'Forces Programme' specifically aimed at providing this new working class audience with material that they enjoyed listening too. This was a very important turning point in terms of providing ordinary people with better leisure opportunities. For the first time the preferences of the ordinary people were being

Similar Essays

To What Extent Was The Dawes Plan A Turning Point? The Dawes Plan Essay

1379 words - 6 pages Andrés Vega Sanabria The most important reason why Hitler was able to strengthen his control over Germany during the period 1933-34 was the "Night of the Long Knives". How far do you agree with this statement? The "Night of the Long Knives" was a very significant night for Hitler and for the Nazi party. Hitler, even though he started to gain power and popularity in Germany, he also gained various enemies and opponents. But very few of those

Why The 19th Century Was A Turning Point For Women

1851 words - 8 pages Cooking, cleaning, taking care of children and being the submissive was the role of the women in the late 19th Century, but was this all beginning to change? According to history this was a turning point for women in the 19th century. These changes had to do with things happening around them such as the economy as well as wartime, but some believe it had something to do with the actions of women themselves. They were ready to become independent

'to What Extent Was Germany To Blame For Causing The Second World War?'

1061 words - 4 pages There are a number of factors which could be blamed for causing the war and in order to asses to what extent Germany was to blame, we must look at all of these. Other than Germany and Hitler, causes to the war were appeasement, the Treaty of Versailles, the failure of the failure of League of Nations, international rivalry, imperialism and also the roles of Britain and France are important when looking at the causes of the war. One other major

To What Extent Was Germany Responsible For The Second World War?

2081 words - 8 pages diverging views at least agree on the fact that there were several responsible parties, the most obvious of which is Nazi Germany. As described above the war was Germany's fault to a certain extent but other countries, such as Britain, France and Russia, which are rarely mentioned as bearing any responsibility for the outbreak of World War II, played decisive roles in creating the situation that made the war inevitable.