The election campaign brought out the strong differences of opinion among the parties over the government's currency stabilization measures during the state of emergency. The conflicts became even more apparent following the release in mid-campaign of the
Dawes Committee's report, which laid out a plan for Germany to pay the war reparations it owed under the
Treaty of Versailles. The government, made up of the Catholic
Centre Party, the
German People's Party (DVP) and the
German Democratic Party (DDP), took the opportunity to emphasize the positive aspects of the Dawes Plan, such as its promise that foreign troops would be withdrawn from the Ruhr, and to point out that the currency stabilization program had succeeded. The
German National People's Party (DNVP) countered by calling the Dawes Plan a "second Versailles", and the
Communist Party of Germany (KPD) denounced it as an "enslavement of the German proletariat". Within the
Social Democratic Party (SPD), a group centered around
Otto Wels wanted a coalition with the bourgeois parties, but the left wing around
Paul Levi saw the role of the SPD in a principled opposition. The
Nazi Party had been banned by the Reich government following
Adolf Hitler's failed
Beer Hall Putsch in November 1923, and at the time of the election campaign Hitler was in prison. The Nazis ran as the
National Socialist Freedom Movement (NSFP) in a combined electoral list with the
German Völkisch Freedom Party (DVFP), which had also been banned after the putsch. The wing of the Nazis centering around
Hermann Esser and
Julius Streicher opposed both the party union and participation in the election. The majority of the 32 representatives elected by the NSFP in May 1924 were originally members of the DVFP and not the Nazi Party. == Electoral system ==