Economic Problems 1918-1923 Flashcards
1
Q
Gold reserves all spent in the war
A
Harder to purchase goods from abroad (for the government)
2
Q
Reparations had to be paid
A
- Tax payers forces to pay more tax to the gov.
- Less social spending
3
Q
Spanish Flu (1918)
A
- 400,000 people died
- The gov. had to pay for medicine
- Less people paying taxes
- Less people working/slower economic growth
4
Q
WW1 casualties
A
- 4.2million wounded
- 1.7-2million died
- Large chunk of the workforce died/unable to work
- Widows pension had to paid
5
Q
Coalfields lost under the treaty (Saar/Silesia)
A
- 15% of Germany’s coal reserves
- Trade decreased
- Tax revenue decreased
- Fewer resources for domestic economy
6
Q
Army reduced from 11million to 100,000
A
- Increased unemployment so more benefits (and most joined the Friekorps)
- War industries ended
- Increased homelessness/disorder
