Currency Reform Flashcards
1
Q
When was the Bundesbank set up?
A
1948- to serve as a central bank for the three western zones
2
Q
How did the US pressure the French to merge the zones?
A
Refused to offer the single zone Marshall Aid
3
Q
When was trizonia created?
A
June 1948
4
Q
When was the new currency introduced?
A
20th June 1948
5
Q
Why did the Soviets not like this?
A
USSR declared it had broken the Potsdam agreement, which said Germany should be tested as a single economic unit
6
Q
How did the Soviets retaliate?
A
Berlin Blockade
