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economic crisis
german inflation, hyperinflation 1918-1924
| Question | Answer |
|---|---|
| why was the german economy already failing before 1918 | cost of WW1 |
| name two shortages germany suffered during WW1 | food, resources |
| what action by the allies worsened the shortages in germany | Royal Navy Blockade of German ports |
| did the allies stop the Royal Navy Blockade during treaty of versailles negotiations | no |
| what terms of the treaty of versailles worsened the german economy | reperations and territory loss |
| why was territory loss as a result of the treaty of versailles bad for the german economy | it lost territory rich in resources e.g. Alsace and Lorraine |
| what was the german national debt in 1919 | 144,000 million marks |
| name three ways germany payed for WW1 before defeat | printing more money, taking loans, war bonds |
| what was the figure settled on for reparations in 192 1 | £660billion |
| what did germany ask the allies to do in 1922 to take pressure off german economy | suspend reparations |
| did the allies suspend reparations for germany in 1922 | no |
| what was german national debt in 1922 | 469,000 million marks |
| what did france and belgium do in 1923 | invaded the Rhuhr |
| what was the Rhur | an industrial region of germany |
| what was the rhuhr rich in | coal |
| why did belgium and france invade the Rhuhr in 1923 | germany had failed to pay reparations |
| what did the german government order rhuhr workers to do in response to the invasion | passive resistance |
| what were the consequences of passive resistance for germany | government had to pay worker's wages, loss of revenue from coal production |
| how did germany respond to the loss of revenue and need for wages RE the Rhur | printed more money |
| how many marks were in circulation by august 1923 | 663 billion |
| how many marks to the dollar in december 1922 | 8000 |
| how many marks to the dollar in november 1923 | 4.2 billion |
| list 3 groups who suffered losses as a result of hyperinflation | welfare benefits, war bonds, workers |
| name one group who benefitted from hyper inflation | those in debt |
| what happened to unemployment during the hyperinflation crisis | unemployment rose |
| what is a statistic that supports that unemployment rose during the hyper inflation crisis of 1923 | 1923 29 percent of trade union members were in fulltime employment |
| which extremist revolt occured in October 1923 | spartacist revolt in Saxony and Thuringia |
| what was the communist revolt of October 1923 called | German October |
| what did the SPD do in response to the use of the army to crush German October | walk out of government |
| How much coal production did Germany lose as a result of the treaty of Versailles | 20 percent |
| How much agricultural production did Germany lose as a result of the treaty of Versailles | 15 percent |
Created by:
georgieN007
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