The flight from currency that had begun with the buying of diamonds, gold, country houses, and antiques now extended to minor and almost useless items -- bric-a-brac, soap, hairpins. The law-abiding country crumbled into petty thievery. Copper pipes and brass armatures weren't safe. Gasoline was siphoned from cars. People bought things they didn't need and used them to barter -- a pair of shoes for a shirt, some crockery for coffee. Berlin had a "witches' Sabbath" atmosphere. Prostitutes of both sexes roamed the streets. Cocaine was the fashionable drug. In the cabarets the newly rich and their foreign friends could dance and spend money. Other reports noted that not all the young people had a bad time. Their parents had taught them to work and save, and that was clearly wrong, so they could spend money, enjoy themselves, and flout the old.
The publisher Leopold Ullstein wrote: "People just didn't understand what was happening. All the economic theory they had been taught didn't provide for the phenomenon. There was a feeling of utter dependence on anonymous powers -- almost as a primitive people believed in magic -- that somebody must be in the know, and that this small group of 'somebodies' must be a conspiracy."
When the 1,000-billion Mark note came out, few bothered to collect the change when they spent it. By November 1923, with one dollar equal to one trillion Marks, the breakdown was complete. The currency had lost meaning.
All money is a matter of belief. Credit derives from Latin, credere, "to believe." Belief was there, the factories functioned, the farmers delivered their produce. The Central Bank kept the belief alive when it would not let even the government borrow further.
But although the country functioned again, the savings were never restored, nor were the values of hard work and decency that had accompanied the savings. There was a different temper in the country, a temper that Hitler would later exploit with diabolical talent. Thomas Mann wrote: "The market woman who without batting an eyelash demanded 100 million for an egg lost the capacity for surprise. And nothing that has happened since has been insane or cruel enough to surprise her."
With the currency went many of the lifetime plans of average citizens. It was the custom for the bride to bring some money to a marriage; many marriages were called off. Widows dependent on insurance found themselves destitute. People who had worked a lifetime found that their pensions would not buy one cup of coffee.
Pearl Buck, the American writer who became famous for her novels of China, was in Germany in 1923. She wrote later: "The cities were still there, the houses not yet bombed and in ruins, but the victims were millions of people. They had lost their fortunes, their savings; they were dazed and inflation-shocked and did not understand how it had happened to them and who the foe was who had defeated them. Yet they had lost their self-assurance, their feeling that they themselves could be the masters of their own lives if only they worked hard enough; and lost, too, were the old values of morals, of ethics, of decency."
The fledgling Nazi party, whose attempted coup had failed in 1923, won 32 seats legally in the next election. The right-wing Nationalist party won 106 seats, having promised 100 percent compensation to the victims of inflation and vengeance on the conspirators who had brought it.
The publisher Leopold Ullstein wrote: "People just didn't understand what was happening. All the economic theory they had been taught didn't provide for the phenomenon. There was a feeling of utter dependence on anonymous powers -- almost as a primitive people believed in magic -- that somebody must be in the know, and that this small group of 'somebodies' must be a conspiracy."
When the 1,000-billion Mark note came out, few bothered to collect the change when they spent it. By November 1923, with one dollar equal to one trillion Marks, the breakdown was complete. The currency had lost meaning.
All money is a matter of belief. Credit derives from Latin, credere, "to believe." Belief was there, the factories functioned, the farmers delivered their produce. The Central Bank kept the belief alive when it would not let even the government borrow further.
But although the country functioned again, the savings were never restored, nor were the values of hard work and decency that had accompanied the savings. There was a different temper in the country, a temper that Hitler would later exploit with diabolical talent. Thomas Mann wrote: "The market woman who without batting an eyelash demanded 100 million for an egg lost the capacity for surprise. And nothing that has happened since has been insane or cruel enough to surprise her."
With the currency went many of the lifetime plans of average citizens. It was the custom for the bride to bring some money to a marriage; many marriages were called off. Widows dependent on insurance found themselves destitute. People who had worked a lifetime found that their pensions would not buy one cup of coffee.
Pearl Buck, the American writer who became famous for her novels of China, was in Germany in 1923. She wrote later: "The cities were still there, the houses not yet bombed and in ruins, but the victims were millions of people. They had lost their fortunes, their savings; they were dazed and inflation-shocked and did not understand how it had happened to them and who the foe was who had defeated them. Yet they had lost their self-assurance, their feeling that they themselves could be the masters of their own lives if only they worked hard enough; and lost, too, were the old values of morals, of ethics, of decency."
The fledgling Nazi party, whose attempted coup had failed in 1923, won 32 seats legally in the next election. The right-wing Nationalist party won 106 seats, having promised 100 percent compensation to the victims of inflation and vengeance on the conspirators who had brought it.
1. How did hyperinflation (rapid inflation making currency almost worthless) radically change Germany?
2. How did the Nazi party benefit from Germany's economic crisis?
Hyperinflation radically change Germany because diamonds, gold, diamond houses, and antiques have extended to minor needs such as soap, bric-a-brac and hairpins. Also, people started thieving others, causing pandemonium around certain areas of Germany. Gasoline for cars were being siphoned, and people begin to by things that they didn't need and begin to barter them, mostly for trade, and prostitutes were roaming the streets. Not everyone was having a bad time though, because kids were taught by their parents to work for money and to save their money. This depicted the people who were doing criminal activities to make a bad impression out of themselves then the people who weren't. In that case the kids were showing flout to those people.
ReplyDeleteThe Nazi party benfit from Germany's economic crisis becasue now the Nazis had a chance to be known as the head govenment of Germany. Also, the Nazi party waas able to be the first to win the parliement. The Nazi party wasn't really the majority, but attracted peoples attention. This was a chance for people who were poor and needed some support to come to join the Nazi party. Also, sense Germany was unstable and they had no emperor this was an opportunity for a leader to come and take the place of leading Germany back to being a stable society once again. Also the Nazi party was growing because of people starting to join the Nazi party, and the chance to spread propaganda's.
The hyperinflation (rapid inflation making currency almost worthless) radically change Germany?The publisher Leopold Ullstein wrote: "People just didn't understand what was happening. All the economic theory they had been taught didn't provide for the phenomenon. There was a feeling of utter dependence on anonymous powers -- almost as a primitive people believed in magic -- that somebody must be in the know, and that this small group of 'somebodies' must be a conspiracy."When the 1,000-billion Mark note came out, few bothered to collect the change when they spent it. By November 1923, with one dollar equal to one trillion Marks, the breakdown was complete. The currency had lost meaning
ReplyDeletethe Nazi party benefit from Germany's economic crisis were The fledgling Nazi party, whose attempted coup had failed in 1923, won 32 seats legally in the next election. The right-wing Nationalist party won 106 seats, having promised 100 percent compensation to the victims of inflation and vengeance on the conspirators who had brought it.
M.I
Hyperinflation dramatically changed Germany. Something as simple as an egg would cost 100 million. Lifetime plans were changed as well. Marriage was the ideal thing to do, but many marriages were called off. Pearl Buck, a novelist, went to Germany. She stated, “The cities were still there, the houses not yet bombed and in ruins, but the victims were millions of people. They had lost their fortunes, their savings; they were dazed and inflation-shocked and did not understand how it had happened to them and who the foe was who had defeated them. Yet they had lost their self-assurance, their feeling that they themselves could be the masters of their own lives if only they worked hard enough; and lost, too, were the old values of morals, of ethics, of decency."As you can see, hyperinflation negatively affected Germany.
ReplyDeleteThe Nazis benefitted from this hyperinflation. They took advantage of the low crisis and won 32 seats legally in following election. This is unexpected, because they failed in the 1923 election. Nationalist got 106 seats. The Nazi received more power as a result of hyperinflation
E.L.
1. Hyperinflation radically changed Germany because it cause the currency to completely lose its value and meaning. By November 1923 on dollar was equal to one trillion Marks. Money was practically useless, by time the 1,000 billion Mark was produced no one even bothered to collect their change when they spent their money. People who had worked their entire life found out that their pensions could'nt even buy one cup of coffee. This caused a lot of people to lose their motivation that they could be the masters of their own lives if only they worked hard enough which also caused a loss of self assurance, morals, ethics. and values.
ReplyDelete2. The Nazi party benefited from Germany's economic crisis, by stepping in to take advantage of the citizens facing financial problems. The party had legally won 32 seats in the upcoming election, while the Nationalist part won 106 seats. This insured 100% compensation to the victim of inflations and revenge on the people who caused it.
-A.S
Hyperinflation is rapid inflation making currency almost worthless. Inflation is a general increase in prices and fall in the purchasing value of money. This had occurred throughout Germany at the end of World War One in 1918. It was a time when people believed that they shouldn’t be working to save their money. Rather they should work and spend their money in order to enjoy themselves. By November 1923, currency had become almost worthless when one dollar was equal to one trillion Marks. Because the economy was so weak, it had left many Germans without any money.
ReplyDeleteThe Nazi party had benefitted from Germanys economic crisis. Though they had failed before, many people from the Nazi party had won seats at elections. Those who lost wars, often came back home to find that their countries economy is struggling and is very vulnerable. The people are desperate for order and they want someone to take control. Many individuals of the Nazi party saw this as an opportunity and seized it.
-A.S
1. Hyperinflation radically changed Germany by causing widespread poverty. The sudden flood of paper money into the economy, on top of the general strike meant that no goods were manufactured. Combined with a weak economy ruined by the war, it all resulted in hyperinflation. Many German banks went out of business and people began to realize that their entire life-savings meant nothing anymore. And so, with this, they sought a new leader to keep their country organized.
ReplyDelete2. The Nazi party benefitted from Germany's economic crisis because the people were looking for extreme ideas and also the German public needed someone to blame for both of those. Hitler and the Nazi's had an answer for them. To blame the Jews for everything. Because Germany was in an economic crisis, the Nazi party basically took those fears and manipulated the people with their own fears. Hitler used their fears and said that he would become a leader that would help them from this economic crisis. And of course, by manipulation of the the Nazi Party, they had gained the votes of the Germans. This was their biggest benefit from the economic crisis.
-J.L
1. Due to the Treaty of Versailles, a hyperinflation occurred in Germany where their currency rapidly inflated to being worth almost nothing. It changed Germany so that the country degraded itself as well. The streets had petty thievery, prostitution, and witchcraft practice, whilst the rich enjoyed themselves with luxuries and disregarded the old and poor. Those who worked a lifetime barely had any to afford coffee. Because of this, it ruined marriages, since it was traditional for the bride to bring some money, so many marriages were cancelled, bringing more unhappiness to the people.
ReplyDelete2. Because Germany was becoming such a backwards country, the Nazi party took this as a chance to take power and benefit from their economic crisis. They released influential propaganda, made powerful speeches, and brainwashed the people who were so desperate with surviving. They eventually agreed because they had nothing more to lose and followed what they said. After a violent seizure of power from the government, the party won 32 seats in the next election.
H.Y.
Hyperinflation radically changed Germany when people bought things they didn't need and used them to barter. Many prostitutes were roaming around the streets and cocaine was the fashion drug. People lost their fortunes and their savings. if they had worked hard enough, maybe this wouldn't have happened to them. They also lost the old values of morals, ethics, and decency.
ReplyDeleteThe Nazi party benefited from Germany's economic crisis when they won 32 seats legally in the next election. The right-wing Nationalist party won 106 seats even though they promised 100% compensation to the victims of inflation and vengeance on the conspirators who had brought it. The Nazi party was a positive influence on Germany. It saved Germany's economy.
- A.U.
1. Hyperinflation radically changed Germany because money was constantly being spent over and over again. People bought things they didn't need and parents forced their children to work so they could spend the money their children made. As the rich had less to worry about the poor got poorer. Prostitutes roamed the streets and cocaine became more common.
ReplyDelete2. The Nazi party benefited from Germany’s economic crisis by winning 32 seats in the election. Since the country was having troubles economically, they stepped in to possibly solve the problems. This lead to the rise in popularity of the Nazi party.
S.L. P.7
1) How did hyperinflation (rapid inflation making currency almost worthless) radically change Germany?
ReplyDeleteIn order to pay the large costs of World War I, Germany suspended the convertibility of its currency into gold when that war broke out. Unlike France, which imposed its first income tax to pay for the war, the German Kaiser and Parliament decided without opposition to fund the war entirely by borrowing, a decision criticized by financial experts like Hjalmar Schacht even before hyperinflation broke out. The result was that the exchange rate of the Mark against the US dollar fell steadily throughout the war from 4.2 to 8.91 Marks per dollar. The Treaty of Versailles, however, accelerated the decline in the value of the Mark, so that by the end of 1919 more than 6.7 paper Marks were required to buy one US dollar.
2) How did the Nazi party benefit from Germany's economic crisis?
Despite the harshness of the treaty and despite the inflation of 1919-23 Germany DID benefit from the economic buoyancy of the Roaring Twenties. In the general election in 1928, the Nazis only managed to get 12 (out of about 584) seats in the Reichstag. The Nazis were widely seen as a laughing-stock led by a funny little man given to yelling and wild gesticulation.
Of all European countries, none was hit harder than Germany by the stock market crash of October 1929. Germany had borrowed very large sums from American banks, with much of the money repayable either on demand or at short notice. These loans were of course recalled, and bankruptcies in Germany rose sharply from the start of 1930 (or earlier). Unemployment rose sharply, too. The German Constitution of 1919 contained much that was utopian, including the right to paid employment. The realities of the situation made a mockery of the Weimar constitution.
1. Hyperinflation caused 1 trillion marks to be worth a dollar.This effect radically changed Germany. People that saved money their whole lifetimes were left with very little. This caused mass desperation and to a point a chaos. People began the process of losing all old values of morals, ethics, and of decency. The government couldn't be trusted, but the Nazi party took advantage of this distrust and manipulated the millions of minds of the German people
ReplyDelete2. The Nazi party manipulated the weak state of the general German society. This manipulation resulted in the German party winning 32 seats. "The right wing nationalist party won 106 seats, having promised 100 percent compensation to the victims of inflation and vengeance on the conspirators who had brought it." The Nazi party grew and became stronger as a result of the weak political and economical state of German society. -Kevin Torres
With the economy in ruins and the government printing out more and more money, the value of the mark increased or inflated. Since they were printing so many marks, the price of something could have doubled in an hour. One good example of this could be found in the autumn of 1923, a loaf of bread then cost 200,000,000,000 marks. It changed Germany by making the workers there that were paid by the hour to find their job worthless since prices have risen since they began their shifts. Also, people who had money saved in banks lost all of it due to numerous German banks closing.
ReplyDeleteDuring Germany's Great Depression, many were unemployed and lost their savings in the bank. Since the German people were all desperate for a way out of the Treaty of Versailles, the Nazi party or Hitler was able to convince them that the Jews were the reason for all this. He believe that they undersold German companies and they put the Germans out of business, also since most high ranking political figures are Jewish. Hitler told the people that he would get the country back on its feet which led to the people supporting him and then he used his powers for bad and not good.
-S.Li
Hyperinflation radically change Germany because the middle class and working class got affected since they had businesses. While the economic went down so did the businesses. People in the became poor. So people started trading things like a pair of shoes for a shirt. Many of the marriages were cancelled.
ReplyDeleteThe Nazi party benefit from Germany's economic crisis because the Nazi's party was where the people are who are living well. They had guaranteed 100 percent payment to the casualties of expansion and retaliation on the backstabbers who had carried it.
-SC
1.Because of the hyperinflamation major problems occurred in Germany. The value of money was not stable the value of money would basically jump up and down within the hour. peoples savings were basically worthless. it was devastating for Germany. it was truly an economic crisis.
ReplyDelete2. Because Germany was in crisis it was very easy for the Nazis to take control of Germany. This was because the people of Germany were very lost. The Nazis gave them a sense of direction. Usually when people are desperate they will listen to the first thing that comes into there mind without a doubt in there mind. The Nazis caught Germany at a time when they were most vulnerable to manipulation and took advantage of it.
GG
1.) Hyperinflation radically changed Germany in many ways. For an example, one dollar was equivalent to one trillion marks. Their currency had become worthless, it lost all its value. People who worked hard all their life did not receive sufficient pensions, widows were no longer able to provide for themselves or their families and many marriages were called off due to people not having money to bring to the marriage. Basically, the country had no money and the people were suffering.
ReplyDelete2.) The Nazi Party benefited from this because they automatically won 32 seats in the next election and the Right wing nationalist party won 106 seats. They were able to win these seats because 100% compensation to the victims of inflation and vengeance on the people who had brought it.
-ND
P.K Pd.8
ReplyDelete1. How did hyperinflation (rapid inflation making currency almost worthless) radically change Germany?
Germany was going through a very poor economic period. There were higher crime
rates and their currency was made almost worthless. The 1000 billion Mark note
came out and by November of 1923 one dollar was equal to one trillion Marks.
It basically made the German currency worth nothing.
2. How did the Nazi party benefit from Germany's economic crisis?
While Germany was going through their economic crisis the Nazi party took the
chance to benefit from this. The Nazi who failed their attempted coup in 1923
won 32 seats in the next election. Members of the Nazi were part of the German
government. The Nazi took this opportunity to gain power and control.
1）At the time Germans would spend their money on stuff that is useless to them, they did’t know what is happening, they used all their money for parting, having fun. No one saved their money.,The currency had lost meaning. Although making credits functioned German later because the breaking down economy, there were still no savings. Money became useless and currency is worthless.
ReplyDelete2）he German’s economy crisis caused a new election for the new president and benefited more seats to the Nazi party for the next election. The more seats there are for the Nazi party, the more chance that the new president will be chosen by the Nazi party. 32 seats is not a small number for a fledgling party.
-KZ
1. The economy was horrible and the German government printing more and more money prices kept going up. Inflation became out of control, the price of an item could double in a matter of hours. Workers paid by the hour found their wages were worthless, because prices had risen since they began their shifts. People who had saved money for years saw the value of those savings wiped out. A number of German banks went out of business as loans were wiped out and customers’ deposits became worthless.
ReplyDelete2. Hitler remained in control of the Nazi Party despite his imprisonment, and used that time to write "Mein Kampf" (My Struggle) in which he laid out his world-view and wrote of his dreams for Germany and for the "master race of Aryans".
During the recovery period of the Weimar Republic, The Social Democratic Party was the leading party in a liberal, constitutional regime, which had considerable success in restoring Germany to an equal place among the community of nations. They became parties to the Locarno peace agreement and the League of Nations. All of this was lost upon the Nazis, who were a minority party in the Reichstag, consumed by their obsession with the Versailles, but also organizing on a nationwide basis.
A.A pd 8
Hyperinflation had rapidly changed Germany because since before the war people were always so dependent on money, they didn’t know how to survive without it. Since money had solved many problems in Europe just like all around the world, when there was none of it, people had to greatly suffer. Jobs were rapidly being lost, marriages that cared about wealth were being called off, and people were in debt. Money had to substance and people were left to survive through other ways, one of those ways being cocaine.
ReplyDeleteThe Nazi party benefited from Germany’s economic crisis because if people were so vulnerable due to the economic loss, then people were weak. All the people wanted to do was fix the bad fortune of their lives somehow even if it is emotionally. The Nazi party gave some Germans someone, a group of people, to blame for all the economic problems, the Jews. Even though it was selfish, ignorant, and idiotic for them to think that blaming someone for their misfortune would solve anything, they did it anyways. That resulted in one of the biggest tragedies this world has ever seen.
- NQ
1) Hyperinflation of Germany's currency led to many problems, mostly related to politics as well as the ability of Germany to recover after World War I. It mostly led to the uprising of the Nazi party, more commonly known as National Socialist German Workers' Party, which promised stability, security, and a return of the once glorious German empire. It lead to mass starvation as well as many riots, and a need for someone to lead Germany out of it's disaster-stricken state.
ReplyDelete2) The Nazi party primarily benefited by gaining a large following, based on their promises for a reborn Germany. They gained prominent political power, as well as a large influx of the (now returning to normal prices) currency, and policies that could be enacted in their favor. They also gained the support of the public as a whole, even though most of the elections they won thereafter were through political assassinations, as well as rigging the elections. This would eventually lead to the establishment of the Third Reich, with Adolf Hitler at its helm, and their spearheaded campaign to eradicate the Jews, and by extension, World War II. -K.B.
The hyperinflation of Germany had probably radically changed them due to the lack of financial fees. Currency in Germany had lost meaning to everyone and it became only a matter of belief within the people. With the country functioning like it used it, the savings and money were never really repaid nor restored; with this hard work and decency had decreased greatly as well. Because of this change, many marriages were cancelled as well, due to the lack of money the bride would have to bring to a marriage. All this had changed because of how the value of money had decreased; many of the people had soon realized that with the income now, nothing they had been earning was worth anything anymore.
ReplyDeleteThe Nazi part benefit from Germany’s economic crisis because although the citizens disappointed and enraged with the change, it helped the Nazi party gain help. This is because of the voting of the people when asking for the overthrow. When promising the victim of inflation vengeance on the conspirators who had started it, the Nazi party had won their statement.
Hyperinflation is an extreme or excessive inflation and in this case, Germany radically changes because of their economic issues. These issues changed the people of Germany and their life styles. Many Germans began to lose ethic values and many marriages between people were cancelled due to the lack of money that was being made. Usually, the wife is the one that collects the money for a marriage but because of the economic crisis, most things were made impossible for many Germans.
ReplyDeleteThe Nazi Party benefited from Germany's economic crisis because this gave the opportunity for The Nazi's to win 32 seats legally in the next election. The fledgling Nazi party, whose attempted coup had failed in 1923, also benefited from this crisis. Coup is a highly successful, unexpected stroke, act, or a clever action or accomplishment.
K.T.
Hyperinflation radically changed Germany because the government start printing out a lot of money which caused the value of money to decrease drastically. Inflation took place and prices of many items increased due to the worthless value of money. People had poor living conditions and people were desperate. Because people were so poor and desperate, they began trading their personal items.
ReplyDeleteThe Nazi party benefited from Germany's economic crisis by taking advantage of the people. The Nazis wanted to show them that they had guidance or direction. The Nazi party also won 32 seats in the next election. Many people thought that they would help the government economically.
T.Y.
1. How did hyperinflation (rapid inflation making currency almost worthless) radically change Germany?Hyperinflation caused 1 trillion marks to be worth a dollar.This effect radically changed Germany. People that saved money their whole lifetimes were left with very little. This caused mass desperation and to a point a chaos. It changed Germany by making the workers there that were paid by the hour to find their job worthless since prices have risen since they began their shifts.
ReplyDelete2.They eventually agreed because they had nothing more to lose and followed what they said. After a violent seizure of power from the government, the party won 32 seats in the next election.
Kpos