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German hyperinflation after World War I., its development and causes
Růžička, Tomáš ; Kovář, Martin (advisor) ; Soukup, Jaromír (referee)
This thesis deals with German hyperinflation, which culminated in 1923. Some aspects of prior-war monetary and fiscal policy are mentioned in the introduction. The main subject of this thesis is focused on war economy and after-war period, identification of structural changes in the economy, which happened during this period, and it measures factors, which might directly or indirectly, caused inflations' origins. The goal of this thesis is analysis of impacts of governmental financial politics, analysis of influence of external factors and historical facts. German economy faced these historical facts and they subsequently influenced governmental politics during the whole period from the beginning of war till the end of hyperinflation and monetary reform in 1923. From the general view over the contemporary historical consequences and decisions of German government I am trying to identify direct and indirect causes of inflation and hyperinflation.
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After-war economic crisis in the Weimar republic and the Dawes plan
Sodomka, Jaroslav ; Stellner, František (advisor) ; Soběhart, Radek (referee)
The subject of this thesis is purposed to characterize both economic and political progress in Weimar republic since the end of World War I till the middle twenties. In this respect, it is a period when Germany, after several years of war struggle ending up as a defeated country, was raving in economic and internal political crisis and also had to face up a diplomatic isolation connected with tough peace conditions from Versailles. The main focus of this study is to analyze German economic depression contextualized with crucial historic events against background of then international diplomacy. Economic analysis is connected especially with explanation of huge hyperinflation, synchronous theoretic hypothesis that formed economic policy of German governments and their comparison with modern monetary economics. Being analyzed are not only causes of depression based in long-term debt funding of war, uncovered money emission and necessity of high reparation payments, but also the process and the way of its termination and overall consequences both political and socioeconomic. After abandonment of inflation episode follows solution of reparation payments adjustment which was necessary for future stabilization of Weimar Republic and final termination of German crisis. The way to stability was provided by London Conference and Dawes plan which are both analyzed in the last part of this thesis.
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