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economic crisis/reco
german economic crisis 1922-23 + recovery 1924-29
| Question | Answer |
|---|---|
| how much was german national debt in 1919 | 144,000 million marks |
| what made german national debt worse after 1919 | reparations |
| how much was german national debt in 1922 | 469,000 million |
| what does germany ask of the allies in 1922 | suspend reparartions |
| do the allies suspend reparations in 1922 | no |
| what happened in January 1923 | france + belgium invade the Rhuhr |
| why do france and belgium invade the Ruhr | germany had not payed due reparations |
| how does the german gov respond to the invasion of the Rhuhr | tell workers to practive passive resistance |
| list 2 economic consequences of Rhuhr workers practicing passive resistance | loss in industry, gov must now pay Rhuhr worker's wages |
| what does the government do to pay Rhuhr worker's wages | print more marks |
| how many marks are 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 |
| statistic that proves that the working class struggled during the hyperinflation crisis | 1923 = 29 percent of trade union members in full-time work |
| what group benefitted from the hyperinflation crisis | those in debt |
| what group suffered severely from the hyperinflation crisis | pensioners |
| what happened in august 1923 | stresemann becomes chancellor |
| what happened in november 1923 | stresemann stops being chancellor + becomes foreign minister |
| what step does stresemann take in september 1923 to resolve the hyper inflation crisis | reparation payment resumes + frnace agrees to look into german economic problems |
| what step does stresemann take in november of 1923 to resolve the hyper inflation crisis | introduce the new renetanmark |
| who was in charge of implementing the new rentenmark | special curency commissioner |
| how does stresemann balance the gov's budget in 1923 | 7000,000 civil servants fired + gov stops paying Rhuhr worker's wages |
| when is the Rentenbank established | november 1923 |
| what social unrest did stresemann crush in 1923 | german october and munich putsch |
| what is fulfilment | germany, france, US and britian co-operate to review terms of treaty of versailles |
| when is the dawes plan introduced | 1924 |
| list 2 terms of the dawes plan | -germany will pay what it can over the next five years -USA loans germany 800 million marks |
| what statistic proves that german industry begins to recover between 1924-1929 | 1927 = steel production = 86 percent of pre-war levels |
| what is introduced in 1929 | young plan |
| list 2 terms of the young plan | -reparations = 25 percent of £6600billion -payment period = extended to 58 years |
| what statistic is a sign of german economic recovery post 1924 | 1924-1931 = 2 million new houses built |
| list 3 flaws to the recovered german economy | -reliant on US loans -empoyment = 1 million + -gov budget = in defecit due to unemployment benefits |
Created by:
georgieN007
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