Paragraph 2.3 and 2.4 - Crisis and the Great Depression

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Paragraph 2.3 and 2.4 - Crisis and the Great Depression

What kind of propagenda is the following clip?

This is .... propagenda

1. Nazi
2. Fascist
3. Communist
4. Kapitalist

Collectivisation is ...

1. collecting money in church
2. create by force large farms where farmers were forced to work
3. a term used to indicate all the state-owned factories
4. a forced labour camp in Siberia

The key word in the communist doctrine is ....

1. individual
2. power
3. equality
4. difference

At the end of the lesson you will know/be able to…

• explain how Hitler made his first attempt to power
• explain if and how Germany managed to pay its war reparations 
• what hyperinflation is
• explain how the first rise attempt of Hitler was thwarted by the US
• to tell how a economic crisis in one country can cause a world war

Germany after WWI - reminder

• Emperor fled to the Netherlands
• Socialists take over government --> Weimar Republic
• 'Main' task --> follow the Treaty of Versailles, pay reparations 

1923; how to pay?

• Reparations to be paid by Germany settled in 1921 (132 miljard gold marks)
• Policy German government:
  
• Keep the price of the mark low compared to the dollar (good for export)
  
• Print more money, because of the decrease in value per mark
  
• To amortise the reparations = impossible
• Januari 1923: France occupies the Ruhr area (industry)
  
• Workers in the Ruhrarea go on strike and are paid by the government --> 
• Hyperinflation

First attempt

• November 1923: Bierkellerputsch
  
• Failed coup with the SA (Stormabtailung), the Brownshirts, in München
  
• Hitler convicted to five years of imprisonment (Landsberg), but he got out after a year
  
• Mein Kampf
  

Crisis averted

• American 'Dawes Plan'
• US loans Germany  800 Goldmark to boost the economy, making Germany able to pay of the restoration payments (as was agreed in the Treaty of Versailles) to France and the UK, who in their turn can then pay the US back their loans, which they made to buy militairy goods during WWI 
• Read TB 49 and make exercise 7a (WB 48)

But then ...

Homework

Make exercise 1 (paragraph 2.4 ((WB 46)) DO NOT FORGET TO READ THE TEXT AS INSTRUCTED IN THE EXERCISE!

and study the key words and timeline of chapter 2