Because of the hyperinflation of the 1920s, the effects of the later worldwide Great Depression were accentuated in Germany, which ultimately undermined the legitimacy at least in the eyes of the German people of the Weimar government.
How can the answer be improved? GOLD CLASSICS LIBRARY OPINION. Editor's note The many parallels between 1924 Germany and presentday United States are cause for concern.
Though the U. S. has not yet reached the depths to which Germany descended in that era, few can look at the constant depreciation of the dollar since the early 1970's and fail to be alarmed. The Weimar Republic was Germanys first experiment in democracy. It was founded after the aftermath of the German defeat in World War I.
The Republic faced many challenges during its short life. It was undermined by right and left wing extremists and the military.
What Were the Causes of Germany's Hyperinflation of? The most wellknown example of hyperinflation was during the Weimar Republic in Germany in the 1920s. First, the German government printed money to pay for World War I. From 1913 to the end of the war, the number of Deutschmarks in circulation went from 13 billion to 60 billion.
The government also printed government bonds. The Weimar Republic (German: Weimarer Republik [vama epublik ( listen)) is an unofficial, historical designation for the German state during the years 1919 to 1933. The name derives from the city of Weimar, where its constitutional assembly first took place. The hyperinflation episode in the Weimar Republic in the early 1920s was not the first or even the most severe instance of inflation in history (the Hungarian peng and Zimbabwean dollar, for example, have been even more inflated).
Societe Generale Weimar Germany after World War One went through one of the worst hyperinflations in history, unleashing untold horrors on the German people and their economy. To this day, " Weimar" is always invoked as