Economic developments 1924-1928 Flashcards
The currency overhaul
When did Cuno’s government collapse to be replaced by Stresemann?
Why was the coalition described as great and how long was Stresemann chancellor?
When was passive resistance unpopularly called off?
When was the Rentenmark introduced and at what ratio?
What was the new currency supported by?
When did the Rentenmark become the Reichsmark?
What did the German gold reserve have to be maintained at?
Who directed the issuing of the new currency?
Who gained nothing from the new currency?
Balancing the Budget
Stresemann cut what and raised what?
How many civil servants lost their jobs with the salaries of government employees dropping?
Which companies crumbled?
The number of companies that went bankrupt in 1924 was over what (compared to 233 the previous year)?
The Dawes Plan
When did Stresemann ask the Allies’ Reparations Committee to set up a committee of financial experts to address concerns?
Why were the US interested in German recovery?
What position was Stresemann in by April 1924?
It was agreed the annual amount should be reduced each year until when?
How much would Germany restart payments with?
The annual payments after restarting would increase each year for five years by how much per year?
After the five years how would quantity be decided?
How much would the US loan?
When was the deal accepted despite attack from the “National Opposition”?
When did the French leave the Ruhr?
Industry
By when did Germany appear more stable and prosperous?
Why did the Reichsbank keep interest rates high?
Output did not return to 1913 levels until when?
Was the economy growing consistently or up and down?
What was happening to investment in new machinery by 1929?
The car and aeroplane were developed but still what?
Wages began to rise from 1924 and what happened to inflation rates?
How many more houses were built in 1925 than 1924 (178,930 total)?
How many new homes were there to be in 1926?
New schemes of relief were released when?
Where was the 1928 dispute that had come as a result of compulsory arbitration?
How much did real wages increase by in 1928
After when was Germany allowed to place tariffs on imported goods?
Limits to the economic recovery
When did Stresemann give his volcano speech?
What was unemployment at the end of 1925 and then by March 1926 (although it later fell)?
How much did mining companies reduce their workforces by between 1922 and 25?
What happened to middle class and industrial sector wages?
Agriculture
What kept food prices low?
When had farmers borrowed money to improve their farms only to see their savings wiped?
After 1923, the government made it easier to borrow money but why did this make it worse?
The increased taxes for what was also an unfair burden?
The government did a little to help by putting high tariffs on food as well as control on what?
When was there a global grain surplus and price slump?
When was the farmers’ revenge in protest against foreclosures?
In 1929 agricultural production was less than how much of its pre-war levels?
The Young Plan
It was only ever intended to be what?
What would the French not do until a settlement was reached?
Who was one of the German representatives for the first meeting?
The plan made Germany keep paying reparations until 1988 with the bill reduced to what?
What happened to annual payments?
What happened to reparation responsibility?
Britain and France agreed to withdraw all Rhineland troops by when?
Who launched a nationwide campaign against the plan?
A petition for the freedom law gained how many signatures?
How much of the referendum vote did the law get?
Who’s involvement in the campaign allowed them a breakthrough?
