Economic Developments 1924-1928 Flashcards
The policy of Stresemann’s government to work within the terms of the Treaty of Versailles in the hope that the allies will later relax them.
Fulfilment
A general vote by the electorate on a single politcal question.
Referendum
Non-violent opposition to authority, refusing to do what you’re told. In the case of the Ruhr, workers were paid by German government to stay at home instead of work for the French.
Passive Resistance
The temporary currency brought in when Stresemann was chancellor to replace the Reichsmark which had become worthless.
Rentenmark
An action by an employer to stop workers doing their jobs until they agree to the employer’s terms and conditions.
Lock out
A plan to revive the German economy, the United States loans Germany money which then can pay reparations to England and France, who can then pay back their loans from the U.S. This circular flow of money was a success.
Dawes Plan
Schedule that set limits to Germany’s reparation payments and reduced the agreed-on time for occupation of the Ruhr.
Young Plan
Cuno’s government collapses. Stresemann becomes Chancellor.
August 1923
Passive resistance in the Ruhr is called off.
September 1923
Stresemann introduces the Rentenmark.
November 1923
Dawes plan was finalised.
April 1924
Germany appeared more stable and prosperous.
1925
Workers ‘locked out’ in the Ruhr.
1928
Young plan is negotiated with the Allies.
1929
Freedom law referendum. 13.8% voted to reject the Young plan.
December 1929
