Consequences of Ww1 Part 2
Consequences of Ww1 Part 2
After Germany lost World War One, the Kaiser fled and a new democratic government of
Germany was declared in February 1919 at the small town of Weimar. The Weimar Republic
was a genuine attempt to create a perfect democratic country.
Right wing people want more control for the traditional elite, rich, army etc. The Nazis
(NSDAP) were on the extreme right wing.
Hyperinflation
A sudden flood of paper money entered the economy and a general strike meant that no
goods were being manufactured. These factors meant there was more money chasing fewer
goods. This, combined with a weak economy ruined by the war, all resulted in hyperinflation.
Prices ran out of control, eg a loaf of bread cost 250 marks in January 1923 rose to 200,000
million marks in November 1923. German's currency became worthless. Middle-class people
with savings were particularly badly hit.