Although the economic crisis had only begun a little over a month ago, the number of bankrupt businesses in Germany still reached the thousands.
Additionally, a large number of individual enterprises and merchants faced immense threats, dealing a devastating blow to Germania's real economy and greatly disappointing the German populace with the government's decision-making during the economic crisis.
Like Nicholas II before him, William II, once realizing that the people had lost trust in the government, also recognized that this was his best opportunity to reclaim power.
Despite Germany's defeat in the war, William II believed himself to be blameless for the war; in his view, the blame for the war's failure lay simply with the Junker nobility and the military bloc's last-ditch extremist choices.