Economic Flashcards
Bismarck economic change
When was the economic depression? What caused it?
1873-1890
Overinvestment and corruption combined with a slowing economy.
Bismarck economic change
What happened as a result of the second industrial revolution?
Electrical output increased by 18% every year between 1890-1913
Bismarck economic change
Which German electrical company was formed in 1883?
Deutsche Edison Gesellschaft - AEG
Bismarck economic change
What chancellor had multiple international treaties? When? Which countries? What impact did this have?
Caprivi
1890-94
Italy, Russia, Belgium and Switzerland
Guarentted a market for German goods for 12 years.
Bismarck economic change
Between 1872 and 1914 how much did German imports increase by? What did this mean?
£365 million
Biggest industial nation in Europe by 1900
WW2 economic change
Who was director of AEG? What did he establish in 1914 and what did it do?
Walter Rathenau
War Raw Materials Department in 1914 which reorganised industry to ensure the war was covered
WW2 economic change
When was The Central Purchasing Company created? What did it do?
1916
Organised imports from neutral companies to maintain trade during the war.
Weimar economic change
How much war debt did the Weimar government inherit?
140,000 million marks
Weimar economic change
What slowed economic progress in Weimar? What aided economic progress?
The French and Belgian occupation of the Ruhr from 1923-1925 slowed economic production
The 1924 Dawes Plan
Weimar economic change
How much was $1 dollar in DM? How much for a loaf of bread?
4.2 trillion DM
DM 9 Million
Weimar economic change
When was a new currency introduced? Under the direction of who?
1924 - Rentenmark
Chancellor Stresemann (and Schacht)
Weimar economic change
When did production reach pre-WW1 levels?
By 1927
Nazi change
By when had unemployment halved? How?
1934
Nazi investment in Public Works Schemes, self-sufficiency and rearment.
Nazi Change
Which Nazi plan focussed on industry? What effect did it have?
1936 Four Year Plan
By 1938, 44% of government expenditure focussed on rearment.
Nazi Change
What did chaos of the party cause for industry? Who fixed this?
Hampered production of key raw materials
Albert Speer - reorganised the Central Planning Board from 1942
West Germany
Under which economic minister did the German economy begin to recover from the war? What also helped this?
Erhard
1948 Marshall Plan from the US
West Germany
How much did West German GNP increase by during the 1950s? Why?
Trippled
Economy adapted from traditional industry to tertiary and quaternary sectors.
West Germany
Which industries were favoured during the 1980s?
Consulting, advertising and research.
Unemployment 1930-32
In June 1931, how much money was withdrawn from Germany and how many major banks collapsed because of this?
RM1000 Million
3 banks
Unemployment 1930-32
How many unemployed by Dec 1930? How many by Jan 1932?
2.1 million
6 million
Unemployment 1930-32
How did unemployment lead to a rise in extremism?
The opportunity to fight for a cause gave unemployed men a purpose. By 1932 the SA had grown from 100,000 to 400,000 and the Reichsbanner had 1 million men.
Unemployment 1930-32
How many votes did Nazis gain during the 1930 election?
6.4 million votes