Germany coins 1931

ZIMSEC O Level History Notes: Dictatorship in Europe: Dictatorship in Germany: Economic Problems

  • The war had left Germany bankrupt
  • Germany was forced to pay war reparations amounting to 6 600 million pounds
  • This amount was very detrimental to Germany economy but was reduced later
  • The living standards of the Germans were very low
  • Inflation was also on the rise in Germany
  • Inflation led to the rise in food prices
  • The Germany currency the Mark lost value
  • Wages became very low and this led to many strikes in industries and factories
  • The unemployment rate also increased as industries closed
  • Germany lost most of its colonies and it was unable to generate resources to pay reparations
  • France and Belgium occupied the Ruhr region and imposed an economic blockade on Germany
  • After the occupation of the Ruhr devastated the economy of Germany
  • Germany began to face serious food, power and fuel shortages
  • Germany industries which were operating lacked raw materials, that is, rubber and coal
  • Pensioners could no longer receive their monies and savings became worthless

To access more topics go to the History Notes page.

 


Quick NetOne, Telecel, Africom, And Econet Airtime Recharge

If anything goes wrong, chat with us using the chat feature at the bottom right of this screen