1. Successes and Failures of the Weimar Government
... on foreign loans. Unemployment remained high in 1929 with 1.5 million unemployed. The democracy was living off borrowed money and foreign capital was the root of wealth. In 1929 the Wall St. crash had an immediate disastrous impact on the democracy with unemployment increasing to 3 million by the end of 1929 and the recall of all short term loans. The depression undermined the foundations of the fragile democracy as living standards declined and wages ... decreased. The government under Muller adopted a deflationary policy involving cuts in government ... ...
- Word Count: 1161
- Approx Pages: 5
- Grade Level: Undergraduate