Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

Nazism- 1. Weimar Germany > 1.6. Hyperinflation > Flashcards

1.6. Hyperinflation Flashcards

1
Q

What were the 3 types of inflation in Germany?

A

War inflation
Demobilisation inflation
Hyperinflation

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

How did Germany pay for the war?

A

Through increased borrowing
Through printing more money
Through war bonds

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

What did increased borrowing and printing mean for Germany’s economy?

A

Increased debt and fall in the value of the currency

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

What was government debt by 1919?

A

1.44 billion marks

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

What proportion of war spending was borrowed by 1918?

A

84%

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

What happened in 1919 that lead to Germany’s economic hardships?

A

The Treaty of Versailles

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Why did the post war Weimar government not promote austerity?

A

Because it was politically unpopular on both the left and right

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

What did the Weimar government do to try and help industry?

A

Subsidise it

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

What had to be paid out to all the demobilised soldiers?

A

Compensation and benefits

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

When did the Reparations Committee decide how much Reparations Germany should pay?

A

1921

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

What did the Fehrenbach government do in protest at the perceived harshness of reparations?

A

Resigned

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

What was the price of 1KG bread in 1913, June 1923 and November 1923?

A

0.29 marks
1,200 marks
428 billion marks

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

Between 1918 and 1919, what happened to prices?

A

Doubled

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

Between 1913 and 1920, what happened to prices?

A

Rose or be 13 times higher

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

What triggered hyperinflation to kick in?

A

French invasion of the Ruhr

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

Why did the French invade the Ruhr?

A

Because they felt that Germany’s requests for delays to reparations were merely delaying tactics

17
Q

When did France and Belgium invade the Ruhr?

A

January 1923

18
Q

How many Germans were moved out of the Ruhr and why?

A

150,000 as they were not useful

19
Q

What policy did Chancellor Cuno propogate?

A

Passive resistance

20
Q

How many soldiers invaded the Ruhr?

A

60,000

21
Q

What did paramilitary troops do in the Ruhr?

A

Sabotaged French invasion in secret coordination with the German army

22
Q

How many Germans were shot during the occupation of the Ruhr?

A

132

23
Q

By May, how much had output fallen by in the Ruhr?

A

1/5th

24
Q

What did the German government do to support Ruhr workers on strike?

A

Paid their wages

25
Q

How did the invasion of the Ruhr contribute towards hyperinflation?

A

Reduced taxation
Shortage of goods increased prices
Had to import coal

26
Q

Give 3 positive impacts of hyperinflation

A

Mortgages could be paid
Businesses could pay of debts and take on new ones
Exports attractive due to favourable exchange rate

27
Q

Give 3 negative impacts of hyperinflation

A

Increase in disease through malnutrition ( e.g. oedema from watery diet)
War bonds and savings valueless
Renters couldn’t pay
Increase in crime

28
Q

What was the printing of money largely for?

A

To pay for social welfare

29
Q

What was the most pertinent psychological impact of hyperinflation?

A

People were worried that they were being dragged down the class ladder

30
Q

What happened to unemployment during hyperinflation?

A

Stayed low ( peaked at 4%)

31
Q

Why was inflation good for government around 1920

A

They could pay off debts

32
Q

What did Stresseman do to end hyperinflation?

A

Ended passive resistance

33
Q

What did Schact do to end hyperinflation?

A

Introduced to rentenmark as a temporary currency and linked it to land value, a more stable asset.

34
Q

How much was government debt reduced by from 1918 to 1923?

A

1.44 billion marks to 15 pfennings

35
Q

In the words of Stresseman, what happened to the middle class during hyperinflation?

A

They were “proletarianised”

Nazism- 1. Weimar Germany (7 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions