dawes plan, young plan and currency reform 1

Question 1

what was currency reform

Answer 1

introduced a new currency called renthen mark and controlled the amount of money printed
4 renthenmarks = 1million old marks

Question 2

when was the currency reform

Answer 2

1923-4

Question 3

was the currency reform a permanent solution

Answer 3

no because even though it raised the value of money it didn’t improve the economy meaning nothing would change.

Question 4

did the currency reform resolve spiralling hyperinflation

Answer 4

yes as money wasn’t worthless anymore

Question 5

did the currency reform resolve the problem of unaffordable reparations

Answer 5

not in itself as the change in currency meant meant the value of the new marks was higher but without economic development it wouldn’t have solved the problem

Question 6

did the currency reform solve the problem of the french troops in the ruhr

Answer 6

not entirely. it made the dawes plan possible but wasn’t in itself the result of the success of the french leaving

Question 7

when was the dawes plan

Answer 7

1924

Question 8

what was the dawes plan

Answer 8

germanys annual payments would be reduced, increasing over time as its economy improved. ( US loaned money so that this could happen)

Question 9

did dawes plan resolve the french invasion of Ruhr

Answer 9

france would withdraw from the ruhr as germans would be able to start paying the reparations and start rebuilding their economy. eg no point in staying

Question 10

did the dawes plan resolve the problem of unaffordable reparations payments

Answer 10

yes because they were reduced and spread over a longer period of time to make it easier

Question 11

did the dawes plan have any weaknesses

Answer 11

the reliance of foreign loans led to severe economic depression following the wall street crash

Question 12

the young plan

Answer 12

if economy was doing bad one year, germany wouldn’t pay that year and pay double the next.

Question 13

did the young plan take place

Answer 13

no

Question 14

did young plan resolve the french invasion of ruhr

Answer 14

the french agreed to leave as germanys economy was increasing and they were starting to pay the reparations

Question 15

what did stresseman secure with the dawes plan and what did america lend him

Answer 15

he secured france and belgiums withdrawal from the ruhr and agreed to more realistic payment dates for the reparations.
USA lent him 800 million marks to pay off its other debts

Question 16

for the young plan, germany was given how many years to pay the reparations

Answer 16

59

Question 17

why would america lend germany money in the dawes plan

Answer 17

because it would reach them back anyway,

germany would use that money to pay back france and Britain, and france and britain would use it to pay off their own debts to america