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The Great Economic Depression in the Weimar Republic, 1929-1933

Published in Economics (Volume 3, Issue 1)
Received: 2 February 2014    Accepted:     Published: 10 March 2014
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Abstract

The article deals with the Great Economic Depression of 19291933. The research problem is the depression’s negative consequences on the economy of the German Weimar Republic. The aim of the article is to present the main causes and consequences of the global economic and financial crises known as the Great Economic Depression and to investigate how this depression influences the economy and finance of the newly democratic post-war German state called as the Weimar Republic. The particular importance of this research subject is the fact that among all European states at the time it was exactly the Weimar Republic to be mostly affected by the global crises with terrible consequences on social and political life which finally brought Adolf Hitler and his NSDAP to the power in Germany. From the methodological point of view we used a relevant scientific literature followed by the historical sourses. We found that a global Great Economic Depression had mostly nagative economic, social and political influences to the German Weimar Republic which finally became on January 30th, 1933 a prison of Hitler’s NSDAP party in order to seek its salvation.

Published in Economics (Volume 3, Issue 1)
DOI 10.11648/j.eco.20140301.11
Page(s) 1-8
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Weimar Republic, Great Economic Depression, Capitalism, Protectionism, Crises

References
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[2] Burton H. Klein, Germany's Economic Preparations for War, Cambridge, 1959.
[3] C. W. Guillebaud, The Economic Recovery of Germany: 19331938, New York: The Macmillan Company, 1938.
[4] Carlo M. Cipolla (ed.), The Fontana Economic History. Contemporary Economies-1, 1976.
[5] Colin Storer, A Short History of the Weimar Republic, I.B. Tauris Short Histories, LondonNew York: I.B. Tauris & Co Ltd, 2013.
[6] D. E. Kaiser, Economic Diplomacy and the Origins of the Second World War, Princeton, 1980.
[7] David S. Landes, The Unbound Prometheus. Technological Change and Industrial Development in Western Europe from 1750 to the Present, CambridgeNew YorkPort ChesterMelbourneSydney, 1991.
[8] Derek H. Aldcroft, The European Economy 19141990, LondonNew York, 1993.
[9] Detlev J. Peukert, The Weimar Republic. The Crisis of Classical Modernity, New York, 1992.
[10] Dietmar Petzina, werner Abelshauser, Anselm Faust, Sozialgeschichtliches Arbeitsbuch, Vol. 3, "Materialien zur Statistik des Deutschen Reiches", BeckMunich, 1978.
[11] Edward Dimendberg, Martin Jay, Anton Kaes (eds.), The Weimar Republic Sourcebook, BerkeleyLos AngelesLondon, 1994.
[12] F. Blaich, Der Schwarze Freitag. Inflation und Weltwirtschaftskrise, Munchen, 1985.
[13] Frank B. Tipton, Robert Aldrich, An Economic and Social History of Europe, 18901939, Hong Kong, 1991.
[14] Freidrich-Wilhelm Henning, "Die Liquiditaet der Banken in der Weimarer Republik", Harald Winkel (ed.), Waehrungs und Finanzpolitik der Zwischenkriegszeit, Berlin 1973, pp. 4392.
[15] G. Hardach, "Zur politischen Oekonomie", Reinchard Kühnl, Gerd Hardach (eds.) Die Zerstörung der Weimarer Republik.
[16] Hans-Joachim Braun, The German Economy in the Twentieth Century. The German Reich and the Federal Republic, LondonNew York, 1990.
[17] Hans-Juergen Perrey, Der russlandausschuss der deutschen Wirtschaft. Die deutsch-sowjetischen Wirtschaftsbeziehhungen der Zwischenkriegszeit, OldenbourgMunich 1985.
[18] Harold James, "The causes of the German banking crisis of 1931", Economic History Review, second ser., Vol. 37, 1984, pp. 6887.
[19] Hoffmann, W.G., F. Grumbach, H. Hesse, Das Wachstum der deutschen Wirtschaft seit der Mitte des 19. Jahrhunderts, BerlinHeilderbergNew York, 1965.
[20] James H., The German Slump. Politics and Economics 1924 1936, Oxford: Oxford University Press 1986.
[21] Jürgen Baron von Kruedener (ed.), Economic Crisis and Political Collapse. The Weimar Republic 19241933, New YorkOxfordMunich 1990.
[22] Karl Hardach, The Political Economy of Germany in the Twentieth Century, BerkeleyLos AngelesLondon, 1980.
[23] Organisation for European Economic Co-operation, Industrial statistics, 19001959, 1960.
[24] Paul Robert Magocsi, Historical Atlas of Central Europe. Revised and Expanded Edition, Seattle: University of Washington Press, 2002.
[25] Peter D. Stachura (ed.), Unemployment and the great depression in Weimar Germany, London, 1986.
[26] Richard Bessel, Germany after the First World War, Oxford, 1994.
[27] Roger Munting, B. A. Holderness, Crisis, Recovery and War. An Economic History of Continental Europe, 19181945, New YorkLondonTorontoSydneyTokyo Singapore, 1991.
[28] Simon Kuznets, Modern Economic Growth: Rate, Structure and Spread, New Haven: Yale University Press, 1966.
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[33] Verena Schroeter, Die deutsche Industrie auf dem Weltmarkt 1929 bis 1932. Aussenwirtschaftliche Strategien unter dem Druck der Weltwirtschaftskrise, LangFrankfurt/MeinBerne 1984.
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    Vladislav B. Sotirović. (2014). The Great Economic Depression in the Weimar Republic, 1929-1933. Economics, 3(1), 1-8. https://doi.org/10.11648/j.eco.20140301.11

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    Vladislav B. Sotirović. The Great Economic Depression in the Weimar Republic, 1929-1933. Economics. 2014, 3(1), 1-8. doi: 10.11648/j.eco.20140301.11

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    AMA Style

    Vladislav B. Sotirović. The Great Economic Depression in the Weimar Republic, 1929-1933. Economics. 2014;3(1):1-8. doi: 10.11648/j.eco.20140301.11

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  • @article{10.11648/j.eco.20140301.11,
      author = {Vladislav B. Sotirović},
      title = {The Great Economic Depression in the Weimar Republic, 1929-1933},
      journal = {Economics},
      volume = {3},
      number = {1},
      pages = {1-8},
      doi = {10.11648/j.eco.20140301.11},
      url = {https://doi.org/10.11648/j.eco.20140301.11},
      eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.eco.20140301.11},
      abstract = {The article deals with the Great Economic Depression of 19291933. The research problem is the depression’s negative consequences on the economy of the German Weimar Republic. The aim of the article is to present the main causes and consequences of the global economic and financial crises known as the Great Economic Depression and to investigate how this depression influences the economy and finance of the newly democratic post-war German state called as the Weimar Republic. The particular importance of this research subject is the fact that among all European states at the time it was exactly the Weimar Republic to be mostly affected by the global crises with terrible consequences on social and political life which finally brought Adolf Hitler and his NSDAP to the power in Germany. From the methodological point of view we used a relevant scientific literature followed by the historical sourses. We found that a global Great Economic Depression had mostly nagative economic, social and political influences to the German Weimar Republic which finally became on January 30th, 1933 a prison of Hitler’s NSDAP party in order to seek its salvation.},
     year = {2014}
    }
    

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    AB  - The article deals with the Great Economic Depression of 19291933. The research problem is the depression’s negative consequences on the economy of the German Weimar Republic. The aim of the article is to present the main causes and consequences of the global economic and financial crises known as the Great Economic Depression and to investigate how this depression influences the economy and finance of the newly democratic post-war German state called as the Weimar Republic. The particular importance of this research subject is the fact that among all European states at the time it was exactly the Weimar Republic to be mostly affected by the global crises with terrible consequences on social and political life which finally brought Adolf Hitler and his NSDAP to the power in Germany. From the methodological point of view we used a relevant scientific literature followed by the historical sourses. We found that a global Great Economic Depression had mostly nagative economic, social and political influences to the German Weimar Republic which finally became on January 30th, 1933 a prison of Hitler’s NSDAP party in order to seek its salvation.
    VL  - 3
    IS  - 1
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