What was the economy like in Germany in the 1920s?

Answer 1

One of the most sophisticated in the world. Was the largest steel producer in Europe (18 million tonnes) and dominated in the production of dyes, pharmaceuticals, industrial chemicals and electrical equipment. Had important textile, food processing, shipbuilding and was (with UK and US) major world supplier of industrial machinery and coal. Also had significant agricultural, shipping and banking industries and major R & D nation (x rays, aspirin, nitrogen fixation, diesel engine, sulphides and quantum theory)

Answer 2

Before about 1850 many parts of the German-speaking lands were wretchedly poor for example, much of the south-west and Hesse. Around 1850 industrialization, which had started on a small scale in the 1820s, 'took off' and there was a prolonged boom (with minor breaks) till 1873. Areas on and close to coalfields saw living standards rise. In 1873 there were spectacular stockmarket crashes throughout Europe, and in Germany there was about zero growth till 1879, and slow growth from 1879 till the early 1890s. However, in this period Germany invested heavily in the newer industries, such as chemicals, electrical goods and the cheap mass production of steel. After 1893 Germany experienced another period of prolonged growth. Industrialization was geographically very uneven and even around 1900 many areas were still poor. Note. This is only a very brief outline.

Answer 3

The conventional view of the economic situation in Germany in the 1920-30s is that tremendous hardships were experienced both locally and for the nation as a whole. These hardships followed from ordinary post-war conditions and also from the harsh reparations and other punishments exacted on Germany by the victorious Alliance. While this conventional view has been challenged, it is precisely the view that Hitler and the Nazi Party adopted in their rise to power in the 1930s.

Answer 4

Economic situation in Germany 1919-1933 * 1919-22: Inflation, full employment and relative prosperity. * 1923: France and Belgium occupied the Ruhr, hyper inflation, severe econmic crises. Currency stablized in November 1923. * Late 1923-mid 1924: Sharp cuts in government spending, deflation, hardship, unemployment. * Mid 1924-29: Economic revival; Germany enjoys the benefits of the Roaring Twenties. * Late 1929 onwards: Germany hit exceptionally hard by the effects of the Great Crash; falling prices lead to postponement of non-essential investment and consumption; mass unemployment and widespread hardship. * Mid 1932: Depression 'bottoms' out but this was not obvious at the time. * 1933: Nazis come to power; Germany starts to re-arm ...

Answer 5

The German economy was doing very well in the 1930's due to several reasons, one being the Olympics were held there. And also, due to the fact that Germany was ruled by one dictator, the country as a whole could make extreme adjustments to the government without congress having to pass legislation.

Answer 6

The German economy was in awful condition, unemployment was high, crime rates were on the rise, and people were angry that they were made to feel responsible for World War I.