Monday, March 21, 2011

Germany: The Great Depression

The Great Depression, which initiated in 1929, was the complete eruption of economic life in Europe and the Americas since the great and successful outbreak of industrialization and urbanization. When studying the topic of the Great Depression, what comes to mind at first is the affect on the United States, a most powerful country at the time whose stock market crashed, there was great bank failure and they formed a stable American Economic Policy with Europe. The collapse of the stock market on Wall Street on October 29, 1929 had an immediate financial impact worldwide, especially on Germany. The result of this domino effect meant that there was less production, therefore less workers – this was a struggling and vulnerable time for Germany since they were still trying to compensate for WW1 and were receiving loans from America, who also suffered from the Economic Depression. Even without the devastating hit of the Great Depression, the factor of money owed for World War 1 would have most likely caused it's own Depression in Germany. With the sudden change in global economy, inflation arose making money seem worthless, and so disturbances and protests against the government proceeded in an attempt to boost the business situation, but what followed was extreme nationalism and the rise of the Nazi party.
With Germany's insecure governmental control, this gave a much more effortless acceptance of Nazism and the rise of Hitler. Although previously the Nazi party was growing slowly, it was a methodical and structured organization which was ready for anything. The extremity of the Great Depression was what caused Germany's political schism, and the Communist party of 1920 began to expand. Communism seemed to be exemplary at the time, because Germany was suffering from severe unemployment and poorness – there was high reduction in both consumption and production, and effective deprivation and loss of trade between other countries. Social classes as adequate as the Middle Class were impacted as their lives were driven into poverty and distress. Whilst Communism seemed to be an appropriate fallback, it was not Germany's primary choice, since Hitler's “reign” modified nationalism into a fascist dictatorship which manipulated the vital means of socialist terms. The population of Germany was inspired by Hitler's speeches and persuasive discussions, hence turning their backs on their corrupted government and siding with a new and different reason for the crash of the market which they thought would be fixed with their support.
The Weimar Republic was being revoked by the popular Nazi party, which was the largest party in 1932 at the Reichstag elections. At the following Reichstag elections, 4 months later in November, the Nazi party had dipped to filling 196 as opposed to their previous 230 seats, but they were still the largest party seating. As many times as Hitler requested to be nominated as chancellor, Hindenburg greatly avoided the opportunity, because as previously mentioned it was not Germany's primary vote to appoint Hitler into leading the nationalist and communist Nazi party which was still expanding. The German population was desperate, they were willing to undergo any change which would eventually improve their standards of living in society, and with the inconsistency of the government, Adolf Hitler motivated the public and rose to his now called dictatorship. The Weimar Republic was easily diminished by the beliefs of this one man alone due to the lack of faith and anger of the German people, especially after the signing of the Locarno Treaty which was the first major financial hit upon Germany. The overall disorganization and unreliability of Germany's political and governmental situation allowed Hitler's persuasiveness to mesmerize the public into believing that the hopeless condition of the country would be sufficiently improved.
The consequences of the Great Depression spread from the United States, to Europe and to the already suffering Germany. Anger and disloyalty was stirred up when the public protested and demanded for food and proper reparations of the circumstances at the time, including the immense rise of unemployment, and decrease of production. The radical changes which were established were the violent maneuvers used by the powerful Nazi and Nationalistic parties, both mainly due to the powerful rise of one man, Adolf Hitler who primarily blamed the unfortunate occurrence of the economic failure on one race. The downturn of Germany's economy became a valuable excuse for Nazism to advertise itself as a marvelous solution and ready “society”. Although communist strategies were beginning to succeed, they were replaced by socialist and fascist authorities, which sabotaged any improvement which were being made in the country. With all examples and reasonings mentioned, it is almost pristinely obvious that the unreasonable blame placed upon a certain community of Germany, and the techniques used to solve the mighty complication merely caused a much more remembered and painful event in history, the second World War.