Economic Problems in Germany and Nazi Success

Nazis did not succeed much in the late 1920s. Because during the period before the economic crisis the Weimar government was very successful under the guidance of Stresemann and the future of Germany seemed to have some hope. But when the economy got worse, the Germans were hopeless, so many Germans thought it was a good time to vote on the other side. The Nazis soon began to push themselves to the market as "a party that can solve many problems in Germany" by utilizing the economic problems facing the Weimar government. After the collapse of Wall Street at the end of 1929, the Nazis won 107 seats.

The deteriorating economic situation in Germany helped the Nazi Party develop from a relatively small marginalized group and become the largest political party in the country. Nazi's publicity accused the majority of German economic difficulties in the Versailles Convention that stimulated the popularity of Hitler among the voters who would become the German Prime Minister in 1933. On the global scale, the Great Depression will encourage countries to take more steps to adopt begging trade policies to protect the domestic industry from foreign competition. Such trade policy may be beneficial at the individual level, but if each country turns to protectionism, it helps to reduce international trade and the economic benefits it brings. In fact, countries that can not access important raw materials will be particularly heavy because there is no free trade.

Why is Germany's trade surplus so big? There is no doubt that Germany made good products foreigners want to buy. Therefore, many people view the trade surplus as a sign of economic success. However, other countries are producing such high quality products with no such surplus surplus. Germany's trade surplus has two important reasons. First of all, we do not know if the euro-Germany's overall currency - shared with the other 18 countries - is for the 19 Eurozone member countries as a whole, but it is too low (German wages and manufacturing Cost consideration). Along German equilibrium trade. In July 2014, the International Monetary Fund estimated that the German inflation-adjusted exchange rate was undervalued by 5 to 15% (see International Monetary Fund, p. 20). Since then, the euro exchange rate against the US dollar has fallen by 20%. A relatively weak euro is Germany's underestimated gains on currency integration.