The Stability of the Weimar Republic's Economy by 1924

The economy of the Weimar Republic stabilized in 1924, the German economy was in danger of collapse. During the First World War, Germany invested heavily in its troops, so there was little funds to support the people. It does not have the complexity of the Treaty of Versailles in 1919. The Treaty of Versailles requires crazy money from Germany to pay damages caused to Europe during the campaign. They asked the Germans to pay a fee of 6.6 billion pounds.

The Weimar Republic is believed to have been in a stable period from 1924 to 1929. The Germans did not only realize that this is the climax of the Weimar Republic. American journalist William Shiller wrote as follows. "A wonderful fermentation works in Germany, life seems to be more free, modern and exciting than anywhere I have ever seen, indeed the German economy has begun self-healing, political recovery and the obvious success of diplomacy Strengthened the belief in the ultimate stability of Weimar Republic and Germany but this so-called stability has been questioned as the Weimar Republic collapsed shortly after the global economic downturn, Although comparable and stable, historians now agree that German political and economic recovery and more healthy diplomacy are based on "unstable foundation".

By 1924, after many years of crisis management and attempted tax and monetary reform, the economy stabilized with the help of foreign countries, especially US loans. The period of relatively prosperous continued from 1924 to 1929. This relative "golden age" is reflected in the strong support of the peaceful parent Vietnamese party in the 1928 election. However, due to the global economic depression in 1929, an economic disaster occurred. Loans to Germany to the United States were recovered due to the collapse of the US stock market and the collapse of the banks. This development has increased the economic difficulties of Germany.

Gustav · Stressman worked as Foreign Minister for 100 days from 1923, 1923 to 1929. It was a relatively stable period in the Weimar Republic, and in Germany it was called Golden Swan Jigger. The remarkable feature of this period is economic growth and the resulting civil war has diminished. When civic stability recovered, Stresemann began to stabilize the German currency. It has increased confidence in the German economy and helped Germany recover this very necessary recovery while providing compensation. Country