Chapter 5 - Economic Developments

Question 1

When was passive resistance called off?

Answer 1

September 1923

Question 2

What did the end of passive resistance mean?

Answer 2

That the government stopped paying workers who refused to work for the French

Question 3

What currency was introduced in November 1923?

Answer 3

Rentenmark

Question 4

Who was in charge when the new currency was issued?

Answer 4

Hjalmar Schact

Question 5

What was balancing the budget??

Answer 5

• Cut expenditure
• Raised taxes
  This would reduce debt and confidence was restored

Question 6

When was the Dawes plan?

Answer 6

April 1924

Question 7

How much did Germany have to pay for reparations under the Dawes Plan?

Answer 7

Start with 1000 million marks and the sum should be increased annually over 5 years by 2500 million marks per year

Question 8

How much did America loan Germany under the Dawes plan?

Answer 8

800 million marks

Question 9

How many new homes were there in 1926?

Answer 9

205,793

Question 10

Who were there improvements for?

Answer 10

Ordinary German workers especially those backed by powerful trade unions

Question 11

How much did wages increase by in 1927?

Answer 11

9%

Question 12

How much further did wages increase by in 1928?

Answer 12

12%

Question 13

How many people were unemployed by 1926?

Answer 13

3 million

Question 14

Why was there many people unemployed?

Answer 14

Companies were reducing workforces to make efficiency savings

Question 15

Between 1922-25 how much did mining companies reduce their workforce?

Answer 15

136,000

Question 16

Between 1925-29 by how much further did mining companies reduce their workforces?

Answer 16

56,000

Question 17

When was the Young plan?

Answer 17

1929

Question 18

How much was the reparation bill reduced to under the Young Plan?

Answer 18

1.8 million

Question 19

In return for the reparations being paid what did France and Britain agree to?

Answer 19

To withdraw their troops from the Rhineland by June 1930

Question 20

Who was the leader of the DNVP?

Answer 20

Alfred Hugenberg

Question 21

What campaign did the DNVP launch?

Answer 21

The group demanded that their ‘freedom law’ was demanded to national referendum

Question 22

What was the freedom law?

Answer 22

Required the government to reject the war-guilt clause of the TOV and demand immediate evacuation of occupied areas

Question 23

What happened to the freedom law?

Answer 23

Debated in the Reichstag and rejected in the referendum