Lesson 3 Economic Problems of the Weimar Republic

Lesson 3 Economic Problems of the Weimar RepublicEssential QuestionWhat were the cause and effects of the Weimar economy on the German people?

Learning Outcomes - Students will:Preview Useless moneyLearn about the economic problems of early Weimar Learn how the economic problems were solvedSuccess CriteriaI can explain the economic problems faced by the Weimar RepublicPreviewWhat are these people playing with/sweeping?What would you do if you saw that in the streets of Genoa?So why would these people be doing these things?

500g of meat = 36, 000, 000, 000 marks

VocabInflationRuhr CrisisHyperinflationPassive ResistanceMunich Beer Hall PutschChancellor StresemannRentenmark

InflationInflation the value of money decreases, so that people have to pay more and more for goods and servicesWhy?The war had weakened the economyFrench demands for Germany to start to pay reparations immediately led to great financial strain

Ruhr Crisis: 1923~25Germany couldnt pay the second reparation payment in 1922 because of inflation11 January 1923 French and Belgian troops occupy the industrial Ruhr region of Germany in order to take their reparations by forceGerman workers went on strike and refused to produce goods for the FrenchThe workers became German heroes, but the strike only made the economic situation worse

In our cafes we put up signs saying, No Dogs or French allowed!

Ruhr Crisis: 1923~25Economic?Hyperinflation prices increase while currency decreases rapidlyworkers had to paid twice a day and given half-hour breaks so that they could spend their wages before they became worthlessSavings were completely wiped outSocial?Passive resistance led to the deaths of German workers, French and Belgian soldiers check German passports in their own landPolitical?Munich Beer Hall Putsch Hitler tries to take advantage of the chaos and stage a failed coup

50 million mark banknote 1923

Two men sell paper money by weight.Their sign indicates that money is worth more than bones, but less than rags.Problem SolvingStresemann named Chancellor in 1923Need to end resistance to get the economy goingThis would get the French outHow do you think this looks to the Right-wing?Solving Hyperflation 2 stepsCollect the old Reichmarks and replace with the Rentenmark1924 - Dawes Plan Scale down reparation payments over 59 yearsUS loan Germany moneyFrance would leave the Ruhr within a yearTreaty of Locarno 1925French, Belgium and Germany agree to respect their territoryGermany no longer fear French attack1926 Germany joins the League of Nations