Notesnazism and Rise of Hitler
Notesnazism and Rise of Hitler
Notesnazism and Rise of Hitler
had to pay war compensation and this put the Republic in deep financial crisis.
Germany had fought the war largely on loans and had to pay war reparations
in gold. Subsequently, gold reserves depleted and the value of the German
market fell. Prices of essential commodities rose dramatically.
The Weimar Republic faced problems on the political front also. The
Constitution had many defects. The Constitution gave the President powers
to impose emergency, suspend civil rights, and rule by decree.(Article 48)
The Weimar Republic had 20 different cabinets within a short span of time.
Soon people lost confidence in the democratic parliamentary system.