The Political Implications of the 1929 Economic Crash
Economic Crash of 1929
values of shares decline
US loans called in
lack of investment and export
closure of german factories + unemployment
lack of investment and export
closure of german factories + unemployment
Müller coalition breaks down
due to disagreement on how to tackle the crisis
Spd: protect benefits + raise taxes
Brüning government, 1930 election: first step towards end of democracy
choice of Brüning influenced by the military
Brüning government does not have the votes to pass laws
Hindenburg rule through art 48 and passes budget
SPD demands withdrawal of decree by art 48
Brüning refuses to cooperate with nazis and calls for new election
Crisis + pol failure to deal with it = voters turn to extremist parties, but Hindeburg appoints Brüning
Nazis gains further ground
Hindeburg appoints Papen government ashe despises Hitler
Papen forced to call for new elections as no supprt from reichstag
Nazis become biggest party
Hindeburg still won't appoint Hitler chanchellor
Nazis loses votes and KDP gains ground
Hindenburg and Papen finally agrees to offer Hitler chanchellorship to counter the rise of the KDP and ensure a conservative-nationalist government.
