Economic recovery after hyperinflation

Question 1

What helped the industry

Answer 1

Interest rates high due to the American loan

Question 2

What happened to the industrial output

Answer 2

It grew slowly

Question 3

What new techniques were introduced

Answer 3

Management and production

Question 4

What chemicals advanced

Answer 4

Artificial fertilisers

Question 5

What industries started to develop

Answer 5

Car and aeroplane

Question 6

What public areas did the loan finance

Answer 6

Schools, housing, roads and public works

Question 7

What decreased due to compulsory arbitration

Answer 7

Strikes

Question 8

How many strikes were there in 1924

Answer 8

1973

Question 9

How many strikes were there in 1930(3)

Answer 9

353

Question 10

What are cartels

Answer 10

Big industries buying out/ making agreements with smaller firms

Question 11

How many cartel agreements were there in 1925(4)

Answer 11

3000

Question 12

What were perks of cartels

Answer 12

Fixed prices, protected profits, reduced competition and allowed profits to be reinvested

Question 13

How many dwellings were built in 1925(6)

Answer 13

around 170,000

Question 14

How many dwellings were built in 1926(6)

Answer 14

around 205,000

Question 15

What happened to living standards

Answer 15

Improved for those represented by trade unions

Question 16

How much did real wages increase by in 1927

Answer 16

9%

Question 17

How much did real wages increase by in 1928

Answer 17

12%

Question 18

What did farmers gain from the economic recoveries

Answer 18

Very little

Question 19

What kept food prices low

Answer 19

Agricultural depression

Question 20

What happened with farmers and loans

Answer 20

It was easy for them to gain loans but it led to foreclosures from banks when loans could not be repaid

Question 21

What happened in 1925/26 in relation to farmers

Answer 21

Global grain surplus and price slump

Question 22

What happened in 1928 in relation to farmers

Answer 22

Small scale riots in protest against foreclosures and low market prices

Question 23

What happened in 1929 in relation to farmers

Answer 23

Production was at 75% less than pre war levels

Question 24

How many people are unemployed in December 1925

Answer 24

1 million

Question 25

How many people are unemployed in March 1926

Answer 25

3 million

Question 26

From 1922 to 1925 how much was mining population reduced by(6)

Answer 26

136,000

Question 27

Between 1925-1929 how much was mining population reduced by

Answer 27

56,000

Question 28

Who did not benefit from the ‘economic miracle’

Answer 28

Class managers, clerks and bureaucrats