Monday, March 29, 2010

Aid to Germany in the 1920s

Sec 3Exp E. History Reflection: Please take a moment to think about the following question and provide your comment in about 80 to 100 words. You are encouraged to respond to your friends' comments.

  • Do you think the aid given to Germany was effective in the 1920s? Why?
  • Do you think there was too much reliance on the USA? Why?

22 comments:

  1. 1. I think that the aid given to Germany was effective in helping the Germans extend the deadline for the reparation costs and cutting it down to 1/3 of the original amount. It also helped to keep inflation under control.
    2. I think that Germany relied too much on the USA. When the Wall Street Crash happened in the 1920s, USA was in no shape to help Germany anymore and stopped loaning Germany money. As a result, Germany crashed again.
    If Germany had not relied on the USA so much, they could have rebuilt their economy to generate income to support themselves and repay the reparation costs by themselves.
    Ui Jia Wei
    3 hum

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  2. 1)I think that it is effective.The aid given to Germany by USA helped the Germany quite alot as this reduces the amount of money they have to pay at first.:)
    2)I think that Germany rely too much on USA.The Germans think that they do not need aid but in fact they need a lot. The German economy crashed in 1920. They should have tried to discuss on how to solve the problems but as they are too reliance on USA. USA withdrew the loans from Germany,thus, causing the economy to crash again. They should reflect on this.:)

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  3. Geraldine Pang 3RespectApril 1, 2010 at 8:04 PM

    1. The aid given to Germany was only effective in the short run. The Dawes Plan and Young Plan in 1924 and 1929 helped the German economy to recover, but it crashed again in 1929 due to Streseman's death and the Great Depression.
    2. Yes. When Streseman died, no one else carried on his work. However, at that point the German economy was doing quite well. Once the American economy crashed in 1929, everything went downhill.

    -Geraldine Pang 3 respect
    :D

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  4. 1.I think the aid was effective while it lasted. Germany was able to reduce the amount and increase the amount of time allowed for the payment of the reparations. Economy improved for them., and on the side it gave Germany the time and money to recover their own country.
    2.I think there was too much relience on the USA. Germany looked to the USA for help, and did not try to make plans for themselves on how they would manage things. It is as if they thought they could hang onto USA till the last minute, than make plans and everything would go well. A bit of shortsightedness on their part, because when USA crashed, they crashed with them.
    Issabel H.A.
    3 Int.

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  5. 1. I think the aid was effective. Not only the time allowed to pay reparations were extended, but the amount of reparations was reduced to about one-thrid of the original sum. This help to improve the Germany's economy greatly.
    2. I think there was too much reliance on the USA. Because in 1929, Streseman died, and no one else could follow up his good work, and Germany did not planned themselves, but rely on USA too much, once the USA crashed, they would crash with them too, the american economy collasped.

    Guirui from 3Humility

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  6. 1) I think that the aid given to Germany was effective as Germany managed to reduce the amount of reparation with the help of the USA. Not only did it lighten their burden of paying the reparations all by themselves, they managed to improve the economy of Germany.
    2) Yes, I think there was too much reliance on USA. The German economic state was one in which careful footing was required, and the Dawes plan was of the nature that only with the unrelated help of loans from the US could it succeed. Thus, when Stressmann died, Wall Street crashed. The American economy crashed, leading Germany's economy to crash once again.

    -Siti Nurain
    3 Humility

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  7. 1. Yes, i think that the aid given to Germany was effective. USA loaned Germany 800 million gold marks which were used to end hyperinflation and pay reparations. Besides that, the total amount of reparations was reduced to 1/3 of the original sum and the length of repayment period was extended. This helps to improve Germany's economy.
    2. yes, i think that Germany relied too much on USA because it did not take the effort to improve Germany's economy on it's own and only relied on USA. when USA crashed, Germany was affected and it crashed again.
    -Siti Hajar
    3 Respect

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  8. 1)I think that the aid given to Germany was only effective in the short run, as Germany is somewhat relying on USA to help them overcome their ecomnoic problems. It helped Germany to extend the period of paying the reparations which meant alot to them.
    2)yes, there's too much reliance on the USA. When the american economy crashed, germany's economy could not survive on its own, Germany totally took USA as their backup, and did not consider the consequences that will lead them to a crippled economy if USA failed to support them.

    KohQing, 3 respect.

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  9. 1) I think that the aid given to Germany was effective. Through the Dawes Plan and the Young plan, Germany was able to receive loans from USA, decrease the amount of reparations Germany was supposed to pay and the length of the repayment period was extended twice. These Plans have greatly helped improve Germany's economy.
    2) Yes, I think that there was too much reliance on the USA. Germany's economy problems are mostly solved by the USA. When the American's economy crashed (Wall Street Crash 1929) and could not continue to provide aid to Germany, Germany did not have the ability to support itself and their economy crash again.

    - Brenda Lee
    3 Respect

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  10. Yes, the aid given to Germany in the 1920s was effective as it helped to repair its crippled economy, reduce its burden on the reparations imposed by the Treaty of Versailles, and also end hyperinflation. Through the Dawes Plan of 1924, the USA loaned Germany 800 million gold marks to end hyperinflation and pay reparations. Germany was given more time to pay off the reparations based on its ability to pay. Through the Young Plan of 1929, the period to pay off reparations was extended to 59 years and the sum of reparations was reduced to a third of the original sum.

    However, there was way too much reliance on the USA as the USA helped to rebuild Germany’s economy. With the Great Depression of 1929, the USA could no longer render help to Germany, withdrawing its loans from Germany, causing the German economy to crash again.

    Jan Rubiano- 3 Sincerity

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  11. Miguel Tan- 3 HumilityApril 3, 2010 at 2:35 PM

    1. Yes, I think that the aid given to Germany was effective. Through the Dawes Plan and Young Plan, money was given and used to pay reparations, and through the reduction of total reparations, and the extension of the repayment period, this allowed Germany to be able to afford the reparation payment.

    2. There was too much reliance on the USA however, as USA was the main country helping Germany, giving help through both plans. Evidence can be seen when the USA's economy crashed, forcing the USA companies supporting the plans to withdraw the loans from Germany, causing the Germany economy to ultimately crash again, and unemployment to rise again.

    -Miguel Tan
    3 Humility

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  12. Loo Lye Kit 3 HumApril 3, 2010 at 2:58 PM

    Yes i think the aid given to Germany was effective. 800 million gold marks meant a lot to Germany as their economy became very bad after WW1. The Dawes Plan in 1924 also gave Germany more time to pay their reparations. Germany was able to replace their old and worthless mark with new currency, retenmark, with the aid given from USA.

    I think that there was too much reliance on USA as they kept on appealing to USA to provide them more help. Soon, Germany relied too much on USA that in 1929 during the Wall Street Crash, the American economy collapsed and USA was not able to continue to provide aid to Germany and thus, Germany's economy crashed again.

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  13. I think the aid given to Germany is effective in helping her economy to recover. Under the Dawes plan and young plan, Germany received a lot of help from USA. In the end , she only needed to pay a third of the original sum and the length of payment was extended. Thus , Germany had more time to focus on economic recovery and kept inflation rates under control.
    I think Germany relied too much on USA. As USA lent Germany most of the money she needed, when the USA economic collapsed and brought on the worldwide depression, German economy was affected directly as no one could provide her with money anymore. If Germany had not been totally dependent on USA ,it would not have been affected so severely.
    Qiu Zhiyu 3hum

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  14. I think the aid given to Germany is effective in helping her economy to recover. Under the Dawes plan and young plan, Germany received a lot of help from USA. In the end , she only needed to pay a third of the original sum and the length of payment was extended. Thus , Germany had more time to focus on economic recovery and kept inflation rates under control.
    I think Germany relied too much on USA. As USA lent Germany most of the money she needed, when the USA economic collapsed and brought on the worldwide depression, German economy was affected directly as no one could provide her with money anymore. If Germany had not been totally dependent on USA ,it would not have been affected so severely.
    Qiu Zhiyu 3hum

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  15. Germany's defeat in WW1 left Germany in a crippled state. The Dawes Plan in 1924 allowed Germany to receive a generous loan of 800 million gold marks to help pay the reparations. The time allowed to pay the reparation was extended and allowed for the replacement of the old worthless mark with a new currency called rentenmark. This helped Germany to bring inflation rates under control. The Young plan allowed it to pay only one-third of the original sum .Hence, aid given to Germany allowed it to recover over time.

    Yes, there was over-reliance on USA on germany's part. Aid given to germany , particularly from USA , was useful for her to recover. In 1929, the american economy collapsed and this eventually led to a worldwide depression . The US economy was in such a bad state that it was unabluy to provide to Geramny and this caused her to crash again.This was all because it was unable to rely on USA from 1929 onwards.

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  16. The aid given to Germany was effective in helping Germany to recover its economy. with the plans suggested, Germany was able to pay the sum promptly as it is only 1/3 of the whole sum. In addtion, the period given had lengthen so germany would not be under too much pressure to pay for the reparation.

    2)To me, germany relied too much on USA. when stressemann died in 1929, nobody foolowed the plan and germany was not given the aid. also, the great depression had caused USA to stop the aid and the economy of Germany to crash again.

    Fan Shi Yah(2) 3 respect

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  17. 1)I feel that the aid given to Germany was effective in helping its economy to recover. As the deadline for the payment was extended and the amount it needed to pay was reduced. Under the Dawes and Young plan, Germany managed to recover a little by little till the Great Depression where USA was unable to render help to it anymore, bringing it back to square one.
    2)Yes, I think there was too much reliance from Germany on USA. If Germany had been more self sufficient, it would not have to suffer as much as it did when the Great Depression struck. It had relied too much on the USA for loans and so, when USA was unable to help it anymore, Germany was not able to do anything to save itself.

    -Germaine. 3 Respect

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  18. Am i late? O.o

    Marvin Yeo of 3 Respect thinks that...

    The aid given to Germany was effective only for a moment. Germany was able stand up again (slowly ) after a drastic fall in economy due to the terms of the Versailles Treaty. Plans helping Germany rebuilding its ecnomy was pretty successful. Loans were given. War Reparations was even cut down and the deadline was extended! How nice of the Americans huh?

    Next...
    Yes, i agree to a large extend. Prior to the last question, since loans were given by the Americans, when they fall (Great Depression of 1929), same goes for the Germans. This shows too much reliance to the USA. Many Germans lost savings, her economy crashed again and unemployment starts to rise again. It's History repeating itself.

    Marvin Yeo :D
    3 Respect

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  19. 1) Yes. I think that the aid given to Germany was effective in the 1920s.
    The German economy was in an extremely bad situation after it's defeat in the World War1. It was a time of economic disaster and experienced hyperinflation. The Dawes Plan which was initiated by the USA had helped to lighten the burden that Germany was experiencing. It stated that the Dawes Plan allowed Germany to receive a loan of 800 million gold marks from the USA to help pay its reparations. Though the amount of reparations was not reduced, the time allowed for Germany to pay off the reparations was extended. The Dawes Plan also allowed for the replacement of the old worthless mark with a new currency called the rentenmark and bringing inflation rates under control. These terms had played an significant role in the economic recovery of Germany. Furthermore, under the Young Plan, Germany had to pay a third of the original sum of reparations and the length of the repayment period was extended in which was effective in aiding Germany on the road of economic recovery.

    2) Yes. I think that Germany had relied too much on the USA. Gustav Stresemann changed Germany's policies to accomodate the other countries and was able to aquire substantial aid from the international community, espectially the USA. USA had loaned Germany large amounts of money to help her recover from the economic crisis and Germany had enjoyed economic prosperity for 5 years. However, the American economy collapsed and eventually led to a great depression. The US economy was in such a bad state itself and was unable to offer anymore assistance to Germany.Thus, the German economy crashed again. The aid that USA had given to Germany had only helped her for a short term and Germany could not depend on the US for financial assistance from 1929 onwards.

    Low Chuwen Fu, 3 Sincerity

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  20. MinJun 3Humilty-
    I think that the aid given to Germany was effective as the Germans were not as pressurized to repay reperations due to them being given more time. Money was also lent to them.
    I think that there is too much reliance on USA. Almost all the loans given to Germany were from the USA. Once the American economy collasped, Germany was left unable to repay reparations as USA was no longer able to help her.

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  22. Zheng Wen

    The monetary aid given to Germany in the 1920s was somewhat effective as it helped with the reconstruction of Germany during that period and hence,Germany became reliant on the USA for help.However, this reliance on USA was flawed on the grounds that if the aid given to Germany dried up-Germany will suffer terrible consquences(Which happened during The Great Depression)

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