Only $35.99/year


Terms in this set (52)

a failed coup attempt by the Nazi Party leader Adolf Hitler — along with Generalquartiermeister Erich Ludendorff and other Kampfbund leaders — to seize power in Munich, Bavaria, during 8-9 November 1923. About two thousand men marched to the centre of Munich, where they confronted the police, which resulted in the death of 16 Nazis and four policemen.[1] Hitler himself was wounded during the clash.

After two days, Hitler was arrested and charged with treason.[2] From Hitler's perspective, there were three positive benefits from this attempt to seize power unlawfully. First, the putsch brought Hitler to the attention of the German nation and generated front page headlines in newspapers around the world. His arrest was followed by a 24-day trial, which was widely publicized and gave Hitler a platform to publicize his nationalist sentiment to the nation. Hitler was found guilty of treason and sentenced to five years in Landsberg Prison.[3] The second benefit to Hitler was that he used his time in prison to produce Mein Kampf, which was dictated to his fellow prisoners Emil Maurice and Rudolf Hess. On 20 December 1924, having served only nine months, Hitler was released.[4][5] The final benefit that Hitler accrued was the insight that the path to power was through legitimate means rather than revolution or force. Accordingly, the most significant outcome of the putsch was a decision by Hitler to change NSDAP tactics, which would demand an increasing reliance on the development and furthering of Nazi propaganda.
The majority of countries set up relief programs and most underwent some sort of political upheaval, pushing them to the right. Many of the countries in Europe and Latin America that were democracies saw them overthrown by some form of dictatorship or authoritarian rule, most famously in Germany in 1933.
-France: high degree of self-sufficiency, so the effects weren't hard-hitting. No banking crisis. Local economy suffered drastic effects.
-Germany: The impact of the Wall Street Crash forced American banks to end the new loans that had been funding the repayments under the Dawes Plan and the Young Plan. With the rise in violence of Nazi and communist movements, as well as investor nervousness at harsh government financial policies.[110] Investors withdrew their short-term money from Germany, as confidence spiraled downward. The Reichsbank lost 150 million marks in the first week of June, 540 million in the second, and 150 million in two days, June 19-20. U.S. President Herbert Hoover called for a moratorium on Payment of war reparations. This angered Paris, which depended on a steady flow of German payments, but it slowed the crisis down and the moratorium, was agreed to in July 1931. In 1932, 90% of German reparation payments were cancelled. Germany's Weimar Republic was hit hard by the depression, as American loans to help rebuild the German economy now stopped.
-Japan: The Great Depression did not strongly affect Japan. Deficit spending & devaluing the currency. The devaluation of the currency had an immediate effect. Japanese textiles began to displace British textiles in export markets. The deficit spending proved to be most profound and went into the purchase of munitions for the armed forces. By 1933, Japan was already out of the depression.