question_answer

Explain the differences between the socialist and capitalist ideas about private property. OR List the problems faced by the Weimar republic.                                            (3)  

Answer:

The two differences are as follows (i) The capitalists believed that individuals owned private property whereas the socialists believed that all property belonged to the society as a whole, i.e., to the state. (ii) The capitalists believed that the profits from the property should belong to the property's owners, whereas the socialists believed that profits are due to the workers' labour and so should be shared by them. OR The following problems were faced by the Weimar republic (i) It was forced to accept the harsh conditions of the Versailles Peace Treaty in which Germany was dispossessed of its territories and its resources. (ii) Germany was financially crippled due to overwhelming war debts which had to be paid in gold. (iii) The French occupied Germany's chief industrial area-the Ruhr-to exact its debts. (iv) The uninhibited printing of paper money to manage expenses caused hyperinflation.