Economic background Flashcards
1
Q
By 1914 how was the German economy so strong? Give 2 reasons.
A
Position to compete with Britain’s supremacy
Most powerful economy on the continent.
2
Q
What were 3 strengths of the economy?
A
Extensive natural resources
Advanced banking system
Well educated population
3
Q
What did 4 years of war do to the German economy?
A
Seriously dislocated it
4
Q
What did the loss of territories result in?
A
16% decline in coal production
13% decline in agriculture
48% loss of Iron ore
5
Q
What was the national debt in 1919 compared to that of 1914?
A
144, 000 million marks and 5000 million marks in 1914
6
Q
What did Germany rely too much on?
A
Exports.
