( C2 ) The Extent of Economic Recovery Flashcards
what did stability in germanys currency mean
it meant that there were more investments in Germany from other countries
what was much of that investment doing
much of that investment was in boosting industries and building factories
between which years did the Dawes plan help double industrial output
between the years 1923-29 the Dawes plan helped double the industrial output
what happened to wages, cost of living, and living quality
1) the wages paid increase
2) the cost of living decreased
3) the quality of life increase
what happened to the confidence in the economy
the confidence in the economy rose
what was the government able to do
the government was able to build:
1) new roads
2) new schools
3) new public buildings
what did the improvement in the economy mean for germany in 1927
the improvement in the economy in 1927 meant that people were now able to claim ‘Unemployment Benefits’ and ‘Labour Exchanges’
however, what did foreign investment leave Germany open to
foreign investment left Germany open to risks if there was a problem in the world economy
what was germanys recovery largely based on
Germans recovery was largely based on the American loans
what were these American loans invested in
the American loans were invested in projects that would create wealth and allow the loans and interests to be paid off
when was the wall St Crash and what did the germans find out about their economy
the Wall St Crash happened in 1929, Germany was able too see how weak their economy still was
