2.2: The Golden Age (1924-1928) Flashcards
2.2.1: Economic developments 2.2.2: Social developments 2.2.3: Political developments 2.2.4: Germany’s international position
Why in the Summer of 1923 was The WR on the verge of collapse
The collapsed currency, hyperinflation, French and Belgian troops’ occupying of Ruhr, lack of clear German government policies, left-wing political disturbances, and an ultra-conservative government in Bavaria contributed to deep-rooted economic and social problems.
Who was Gustav Stresemann
His 100 days as Chancellor turned Germany around with Three key ingredients: Nov: Temporary Rentenmark used to stabilise the economy then the Reichsmark replaced it due to it being backed by gold, also Hjalmer Schacht helped significantly
What was The Reparations Issue
1919: No fixed sum then in 1921: fixed sum at £222,600 million with 42 years payment then in April 1921 - reduced to £6,600 million – 50,000 million marks p/a over 50 years and finally The1924 Dawes plan + 1929 Young plan reorganised reparations
What was the extent of industrial recovery
Industrial output grew after 1924 but didn’t reach 1913 levels till 1929 but growth rates were unsteady and by 1928-29 investment in new machinery was falling. The inflation rate was close to 0 + wages increased from 1924. The number of strikes in German industry declined due to compulsory arbitration
What was the extent of Agricultural recovery
Famers gained little – a worldwide agricultural depression kept food prices low thus few farmers could profit then there was a global grain surplus meant prices slumped again in 1925-6 and finally by 1929 German agricultural production was less than ¾ of pre-war levels.
What was The Dawes Plan
Set reparations at 132 million, over 5 years annual pay would increase from 1000 million to 2500 million with an 800 million loan from US and was monitored by all not just France
What was the Short-Term Impact of The Dawes Plan
Received 2x Capita, France evacuated the Ruhr in 1925 and French-German relations were improving
What was the Long-Term Impact of The Dawes Plan
It was floored it relied heavily on the US and its own economy being stable it was unit The Wall Street Crash
What was The Young Plan
Was setup by The Inter-Allied Reparations Commission they agreed that the total sum should be reduced to 37,000 million, lower annual payments to be made over 58 years and allied supervision was discontinued
What was The Impact of The Young Plan
Right wing saw it as a betrayal and they mounted a huge amount of support for example the Nazi Party grew to 130000 members through Hugenberg use of media propaganda
What were The Developments in Art
The new objectivity movement in the 20th century shifted from traditional nostalgia and aimed to make art accessible to ordinary people, introducing new media like collage and photomontage, exemplified by Otto Dix and Georg Grosz, who created aggressive, political, and social messages.
What were The Developments in Architecture
The Bauhaus movement, led by Walter Gropius, was a ground-breaking cultural shift that emphasized functionalism and the connection between technology and art. It influenced all aspects of design, particularly furniture, and used familiar materials in innovative ways.
What were the Developments in Film
In the 1920s, European cinema became the most advanced, with over 500 films. It shifted from expressionism to social reality, with Marlene Dietrich being the first big German ‘talkie’. Right-wing filmmakers exploited Dietrich for patriotic films like Frederick the Great. The German film market was dominated by Alfred Hugenberg’s UFA,
What Social Welfare Reforms were there
1924 – public assistance system was modernised
1925 – state accident insurance system was extended to occupational disease.
1927- national unemployment insurance system was introduced financed by workers + employers
What were the Reforms in Living Standards
State subsidies were used to build local amenities like parks, schools, and council houses. Wealth increased, allowing people to indulge in luxury items. German workers, supported by trade unions, saw improved living standards as real wages increased by 9% in 1927.