Economic and social problems in Germany 1919-24 Flashcards

1
Q

In 1919 how much debt was the Weimar Republic in ?

A

1.44 billion marks

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2
Q

What was the economic state of Germany by 1921 ?

A

although debt was high unemployment had virtually disappeared and there was a rapid recovery in economic activity

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3
Q

How many times higher were prices in 1920 to 1913?

A

14 times higher

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4
Q

What were the political reasons the government allowed inflation to rise ?

A
  • 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
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5
Q

What % of German population was unemployed by 1921 compared to the UK?

A

1.8 % in Germany and nearly 17% in UK

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6
Q

What determined the amount of reparations that had to be payed?

A

a reparations commission

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7
Q

What happened when the reparation report was presented ?

A

Chancellor Fehrenbach resigned

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8
Q

Who replaced Chancellor Fehrenbach?

A

Chancellor Wirth

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9
Q

What did the republic try to do to delay reparation payment?

A

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

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10
Q

How many men did the French and Belgian send to occupy the Ruhr ? and when ?

A

60,000 in January 1923

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11
Q

By the end of 1923 what did the number of men occupying the Ruhr grow to ?

A

100,000

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12
Q

When occupying the Ruhr what did the troops do ?

A
  • took control of mines, factories, steelworks and railways
  • demanded food from shops
  • set up machine-gun posts in the streets
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13
Q

Who was the Chancellor during the Ruhr occupation ?

A

Cuno

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14
Q

How did Chancellor Cuno respond to the occupation of the Ruhr ?

A

using passive resistance

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15
Q

What did German people do while doing passive resistance ?

A

they crossed custom barriers secretly at night to blow up railways, sink barges and destroy bridges to disrupt the French effort

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16
Q

How many Germans were expelled from the area during the occupation ?

A

around 150,000

17
Q

How long did the occupation of the Ruhr last ?

18
Q

How many Germans were shot during the occupation ?

19
Q

What had output of the Ruhr fallen to by 1922 ?

A

around a fifth of its pre-occupation output

20
Q

economic effects of the occupation ?

A
  • 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
21
Q

What was the only option of the economic peril ?

A

print more money

22
Q

How much did a kilo loaf of bread cost in Jan 1923 ?

23
Q

How much did a kilo loaf of bread cost on the 19th November 1923 ?

A

233 billion marks

24
Q

Why was there a series of reforms to the welfare system and employment rights ?

A

it was set out in the 1919 Weimar Constitution

25
Social welfare laws in 1919 :
- limiting the working day to a max of 8 hours - state health insurance system was extended to include wives, daughters and the disabled - aid for war veterans unable to work due to injury became the responsibility of the national gov - aid for war widows and orphans increased
26
Winners of hyperinflation :
- black marketeers who bought up food stock and sold them at vastly inflated prices - helped enterprising businesses who took out loans and repaid them once the currency had devalued further - those leasing property on a long-term fixed rate gained because the real value of the rents they were paying decreased - most farmers coped well as food was in high demand and money was less important in rural communities
27
Losers of hyperinflation :
- pensioners badly hit - landlords reliant on fixed rents - the mittlestand ( aritsans and small business owners ) as costs rose the prices they charged couldn't keep up with rate of inflation - sick hit badly cost of medicare increased. death and suicide rates went up - workers as although they were given wage increases this didn't keep up with rising prices