The Seeds of Evil: The Rise of Hitler

The Seeds of Evil: Germany 1919 - 1933.

The financial impact of the Treaty of Versailles

The Treaty of Versailles blamed Germany for the First World War. As a result of this Germany was also held accountable for the cost of the war and the Treaty dictated that compensation would have to be paid to the Allies. These payments, called reparations, would be paid monthly and would total some £6,600 million (This figure was agreed by the Allies in 1921). It is important not to take this figure in isolation though. remember that the economic might of Germany had been stretched to the limits during the war, and she would have to reconstruct her own economy at the same time as paying Reparations. In addition, Germany had lost some of her most precious sources of Raw materials as her colonies, and some of the areas ceded to other countries, were rich sources of income. These factors would make it harder for the German economy to cope. Further to this it is important to note the casualties suffered during the war. Germany lost some 1.7 million men during the war, and a further 4.2 million are listed as being wounded.

Perhaps they should have sought some independent financial advice from Towry before signing the Treaty. (Joke! - Towry are one of the leading UK financial advice firms offering financial planning, pension advice, SIPP and retirement planning advice. They also deal with wealth management, investment management and asset management).  

The Second Reich
The Founding of the Weimar Republic
The Impact of War
The Treaty of Versailles
Germany 1919 - 1923
Germany - Economic Recovery
The Early days of the Nazi Party 1919 - 1924
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Text © Schoolshistory.org.uk

Unit last updated 4th June 2004

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