THE DEVELOPMENT OF THE GERMAN ECONOMY IN THE PERIOD OF 1924 - 1929

DOI: 10.18173/2354-1067.2026-0000

Abstract

The First World War (1914–1918) resulted in the collapse of the German Empire and to the establishment of the Weimar Republic - one of the most progressive democratic regimes in Europe in the first half of the twentieth century. Facing severe domestic and external challenges, the German government implemented policies aimed at national economy recovery, social stabilization, reintegration into international political life, and the restoration Germany’s position in international relations. The development of the German economy in the period 1924–1929 stands as evidence of the effectiveness of sound domestic and foreign policies pursued by a government enjoying public support. Using historical analysis and comparative methods, combined with analytical, synthetic, and comparative approaches, this article examines the manifestations of German economic development during the period 1924–1929 in the fields of industry, trade, and finance–banking, explains the underlying causes, and thereby assesses the significance of this economic development for Germany in this period.