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Weimar & Nazi Germany > Economic development 1924-28 > Flashcards

Economic development 1924-28 Flashcards

1
Q

Who replaced Cuno as Chancellor in August 1923?

A

Gustav Stresemann

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2
Q

Why was Stresemann’s coalition called the ‘Great Coalition’?

A

Because it included parties from both left and right

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3
Q

What did Stresemann end in September 1923?

A

Passive resistance to occupation of the Ruhr

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4
Q

What was issued in November 1923?

A

Rentenmark

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5
Q

What backed the new currency?

A

A mortgage on industrial and agricultural land

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6
Q

What was the new currency named in August 1924?

A

Reichsmark

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7
Q

Which financial expert oversaw these changes?

A

Hjalmar Schacht

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8
Q

How did Stresemann reduce government debt?

A

Cut spending and raised taxes

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9
Q

How many civil servants lost their jobs under Stresemann?

A

300,000

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10
Q

Did those who had lost their savings to hyperinflation benefit from the new currency?

A

Not directly

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11
Q

How many companies went bankrupt in 1924?

A

6000 (233 in 1923)

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12
Q

Who asked the allies to set up a committee of experts to look at Germany’s reparations payment issues in November 1923?

A

Stresemann

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13
Q

Who was the Chairman of the Committee?

A

Charles Dawes

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14
Q

When was the Dawes Plan finalised?

A

April 1924

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15
Q

Did the Dawes Plan reduce the amount of reparations to be paid?

A

No

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16
Q

Did the Dawes plan reduce the amount to be paid each year until 1929?

A

Yes

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17
Q

As a result of the Dawes Plan what did Germany receive from the USA?

A

800m mark loan

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18
Q

What did Stresemann called the Dawes Plan

A

‘an economic armistice’

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19
Q

Did right wing nationalists, like DNVP, think the Dawes Plan was a good compromise?

A

No

20
Q

Did the French leave the Ruhr in 1924-5 after the Dawes Plan?

A

Yes

21
Q

Did the German economy grow 1924-29?

A

Yes

22
Q

In what year did the German economy reach 1913 levels of industrial output?

A

1929

23
Q

What were ‘cartels’?

A

Co-operative groups of companies

24
Q

How many cartels were formed by 1925?

A

3000

25
Q

What was Germany allowed to introduce to protect her industries after 1925?

A

Tariffs

26
Q

In 1924 there were 1973 strikes. How many were there in 1929?

A

429

27
Q

What new system was introduced to help to settle industrial disputes?

A

Compulsory arbitration

28
Q

What was the maximum length of the working day in Weimar Germany by law?

A

8 hours

29
Q

Did living standards increase 1924-29?

A

Yes

30
Q

In 1927 what increased by 12%?

A

Real value of wages

31
Q

Who said ‘Germany is dancing on a volcano’ in 1929?

A

Stresemann

32
Q

How many people were unemployed in 1926?

A

3 million

33
Q

How many jobs did mining companies cut 1922-29?

A

200,000

34
Q

Who did not, in general, benefit from improved economic conditions 1924-29?

A

Mittelstand

35
Q

What did farmers suffer from in mid to late 1920s?

A

Price slump & agricultural depression

36
Q

Did French forces remain in the Rhineland?

A

Yes

37
Q

Which American businessman chaired a committee to settle the reparations issue?

A

Owen Young

38
Q

What did the Young Plan do to the final reparations total?

A

It reduced it to £1.8bn…but annual payments increased

39
Q

Under the Young Plan when did Germany have to continue to pay reparations until?

A

1988

40
Q

In return who agreed to withdraw their troops from the Rhineland by June 1930

A

France and Britain

41
Q

Which DNVP leader launched a nationalist campaign against the Young Plan?

A

Alfred Hugenberg

42
Q

Who campaigned with the DNVP against the Young Plan?

A

Hitler and NSDAP

43
Q

Hugenberg drafted the freedom law which demanded the repudiation of Article 231. How would the law be passed or rejected?

A

By referendum

44
Q

Was the ‘freedom law’ passed?

A

No

45
Q

Did Hitler gain national prominence by his association with Hugenberg’s well financed anti-Young Referendum campaign?

A

Yes

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