2.3. The Economy

Question 1

When was the Dawes plan devised?

Answer 1

September 1924

Question 2

What did Germany’s payment of reparations rely on in the Dawes plan?

Answer 2

US loans (800 million marks)

Question 3

What did the Dawes plan mean for the Ruhr?

Answer 3

Leaving of allied troops

Question 4

What did the Dawes plan do?

Answer 4

Rescheduled repayments

Question 5

When was the Young Plan devised?

Answer 5

1929

Question 6

How much did Germany have to pay under the Young Plan?

Answer 6

$1.85billion

Question 7

When did Germany have to pay reparations till under the Young Plan?

Answer 7

1988

Question 8

Who opposed the Young Plan?

Answer 8

The National Opposition- Hitler, Hugenburg

Question 9

What happened to industrial production between 1922 and 1928?

Answer 9

Increased by 50%

Question 10

What happened to coal and steel production between 1922 and 1929?

Answer 10

Increase by 50%

Question 11

What happened to the annual budget deficit between 1923 and 1924?

Answer 11

Fell from 23% to 1%

Question 12

Why did annual budget deficit fall between 1923 and 1924?

Answer 12

US loans due to the Dawes Plan

Question 13

What happened to the burden of reparations payments between 1924 and 1928?

Answer 13

Increased from 1% to 3%

Question 14

What happened to unemployment between 1923 and 1926?

Answer 14

Rose from 5% to 10%

Question 15

What was unemployment in 1928?

Answer 15

7%

Question 16

What happened to earnings and real earnings between 1925 and 1929?

Answer 16

Increased by 35% and 25% respectively

Question 17

What happened to agricultural prices between 1927 and 1930?

Answer 17

Collapsed by over 20%

Question 18

What was Germany’s economic growth between 1913 and 1929?

Answer 18

0.4% per year

Question 19

What was Britain and the US’s growth rate between 1913 and 1929?

Answer 19

1.5%

4%

Question 20

What area of the population did not benefit so much from economic improvements?

Answer 20

Mitt le stand and white collar workers