2
votes
1answer
341 views

Why did the welfare state succeed in Bismarck Germany but lagged in 20th-century Britain?

Otto von Bismarck pioneered the welfare state in Germany and Bismarck was/is greatly respected by Germans. Pre-World War I British Liberal Party made welfare reforms after the 1906 general election. ...
4
votes
1answer
156 views

Were the heavy war reparations on Germany after World War I the main cause of its hyperinflation in 1923?

World War I victors imposed severe war reparations on Germany. When Germany defaulted, France invaded the Ruhr which was the most heavily industrialized area in Germany to force reparations ...
10
votes
2answers
1k views

Why did World War I victors let Germany pay reparations in German Marks and gave it the option to default via inflation?

Under the Treaty of Versailles, Germany was forced to make heavy war reparations to the victors of World War I. What puzzles me was that the reparations were denominated in Marks (German Currency at ...
5
votes
1answer
2k views

How did Germany rebuild so quickly after World War I?

After World War I, Germany suffered severe economic damage. Germany was asked to make horrendous war reparations, suffered hyperinflation, social chaos .... In addition, world economic conditions were ...