HST 1370 LE01 (History of the 20th Century)
October 12, 2010
HST 1370 LE01
October 12, 2010
“A Bad Economy: Hitler’s Key to Gaining Power”
Between the period of 1918-1933, Germany had suffered a major hit to their economic system due to the funding of World War I, The Treaty of Versailles, German Hyperinflation, and The Great Depression. From my research that I have done, I have concluded that all of these factors were key to the rise of power of Adolf Hitler in Germany. In this essay I’m going to explain why each of these four factors are connected to Germany’s struggling economy as well as contributed to Hitler’s rise of power.
My first finding for Germany’s struggling economy was by the Germans funding World War I that went from July 28, 1914 to November 11, 1918. In dollars it is estimated that it cost Germany $37,775,000,000 to fund the war. That amount was the most of any other country that participated in World War I. The next closest funder of the war was Great Britain with an estimated dollar cost of $35,334,012,000. This funding included paying the troops, food rations, medical supplies, production of weapons, as well as transportation costs. But even with this great amount of money spent on the war, it was only the start of Germany’s economic problems.
My next finding was the Germany’s signing of The Treaty of Versailles on June 28, 1919. The Germans were unhappy with the Treaty of Versailles overall but totally devastated by Article 231, which was a war guilt clause that declared Germany responsible for the war and due to those findings ordered Germany to pay reparations to the Allied nations. Along with having to pay the Allies reparations, The Treaty of Versailles also ordered Germany to downsize its military forces as well as to give up territory.
Now with high cost of funding the war, along with having to pay reparations to the Allies eventually led...