Economic and social problems in Germany 1919-24 Flashcards
In 1919 how much debt was the Weimar Republic in ?
1.44 billion marks
What was the economic state of Germany by 1921 ?
although debt was high unemployment had virtually disappeared and there was a rapid recovery in economic activity
How many times higher were prices in 1920 to 1913?
14 times higher
What were the political reasons the government allowed inflation to rise ?
- the 1920 coalition led by Fehrenbach was dominated by centre part which was supported by powerful German industrialists
- industrialists benefited from inflation as they took out short-term loans from Germany’s central bank and by the time repayment was due the real value had been decreased due to inflation
- it also lessened the governments debt
What % of German population was unemployed by 1921 compared to the UK?
1.8 % in Germany and nearly 17% in UK
What determined the amount of reparations that had to be payed?
a reparations commission
What happened when the reparation report was presented ?
Chancellor Fehrenbach resigned
Who replaced Chancellor Fehrenbach?
Chancellor Wirth
What did the republic try to do to delay reparation payment?
In November 1922 they asked for a loan of 500 million gold marks and to be released from reparation obligations for 3 to 4 years in order to stablise the currency
France refused
How many men did the French and Belgian send to occupy the Ruhr ? and when ?
60,000 in January 1923
By the end of 1923 what did the number of men occupying the Ruhr grow to ?
100,000
When occupying the Ruhr what did the troops do ?
- took control of mines, factories, steelworks and railways
- demanded food from shops
- set up machine-gun posts in the streets
Who was the Chancellor during the Ruhr occupation ?
Cuno
How did Chancellor Cuno respond to the occupation of the Ruhr ?
using passive resistance
What did German people do while doing passive resistance ?
they crossed custom barriers secretly at night to blow up railways, sink barges and destroy bridges to disrupt the French effort
How many Germans were expelled from the area during the occupation ?
around 150,000
How long did the occupation of the Ruhr last ?
8 months
How many Germans were shot during the occupation ?
132
What had output of the Ruhr fallen to by 1922 ?
around a fifth of its pre-occupation output
economic effects of the occupation ?
- paying striking workers wages a further strain
-tax revenue lost from closed businesses and unemployed workers - Germany had to pay for and import coal
- shortage of goods pushed up prices further
What was the only option of the economic peril ?
print more money
How much did a kilo loaf of bread cost in Jan 1923 ?
163 marks
How much did a kilo loaf of bread cost on the 19th November 1923 ?
233 billion marks
Why was there a series of reforms to the welfare system and employment rights ?
it was set out in the 1919 Weimar Constitution