After the failure of his Beer Hall Putsch of 1923, Hitler made the decision to establish a political party that could compete in Germany's democratic election process.

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This statement is true. After his failed attempt to overthrow the government in the Beer Hall Putsch of 1923, Hitler realized that he needed to pursue political power through legal means. He established the Nazi Party (National Socialist German Workers' Party) in 1920 and began participating in elections.

After the Failure of His Beer Hall Putsch of 1923