In my opinion, and as Corbacho rightly puts it in his article, I believe that the

emergence of Nazism can not be explained by (or blamed on) a single factor, such as
the post-war inflation or the humiliation that Germany suffered because of The Treaty of
Versailles. This would inevitably lead to an oversimplification of a more complex
process that requires further analysis.
On the one hand, it is true that Germany suffered a severe blow after the First World,
War and together with the economic collapse after the crash of Wall Street in 1929, the
situation definitely got worse. The depression could have stirred up resentment for the
Treaty of Versailles, which the Germans regarded as the cause of their ruin. But, on the
other hand, the way Germany reacted to this crisis was product of a bigger process,
which dates back in time to many years before the war even took place. Democracy in
Germany was, in fact, a relatively new system which had yet to prove its value and it
could even be regarded as an un-German system, artificial, imported, or even a foreign
system forced upon Germany by victors in after World War I. Hitler took advantage of
these feelings of irrationality and of popular unrest and exacerbated them through his
propaganda.
As I have said before, the emergence of Nazism can be seen in light of a process that
begun centuries before the First World War took place. There was a background of
anti-democratic and xenophobic ideas in Germany before the war but what actually
allowed the emergence of fascism afterwards was the collapse of old regimes, and with
them, of the old ruling classes and their machinery of power, influence and hegemony.
Without these old regimes to exercise its control an unbalance was produced.
Suddenly there were a mass of people which were disenchanted and discontented.
Therefore it can be said that the necessary conditions for the success of the ultra-Right
were given in Germany. There was an old state whose ruling mechanisms no longer
worked properly, a discontent population who no longer knew where they loyalties lay,
and even strong socialist movements that were signaling social revolution. What was
also present was the old resentment caused by the shameful conditions the Allies had
imposed on Germany in the signing of the Versailles Treaty.
To conclude, in my opinion, Hitlers rise to power was not actually the product of any
single factor, but, on the contrary, the convergence of a series of economic and social
conditions that, together with an early record of anti-Semitism and racism, eventually
led to the rise of a leader as appealing and charismatic as Hitler, who eventually would
lead the German people and the world, to a second World War.