Two days before the armistice of November 11, 1918, the German Social Democrats proclaimed a republic. On July 31, 1919, this republic adopted a constitution drawn up by a national assembly at Weimar; it is therefore known as the Weimar Republic.
The republic passed through three phases: a period of political threats from both left and right and of mounting economic chaos, from 1918 to the end of 1923; a period of political stability, fulfillment of the Versailles Treaty requirements, and relative economic prosperity, from 1924 to late 1929; and a period of economic depression and mounting right-wing power, from late 1929 to January 1933, when Hitler became chancellor.