Germany 2 Recovery Flashcards
1
Q
2 effects of the Rentenmark
A
- ends hyperinflation
- stabilises economy
2
Q
When was the rentenmark introduced
A
Nov 1923
3
Q
Value of rentenmark
A
1 Rentenmark : 1 tril marks
4
Q
What was rentenmark based on
A
mortgage of all land currency
5
Q
When was the Reichsbank created
A
1924 - full control
6
Q
When was the reichsmark introduced
A
1924 trusted internationally
7
Q
2 effects of Dawes Plan
A
- recovery
- political impact
8
Q
How much were the American loans
A
800 mil gold marks
9
Q
What did Dawes plan do
A
reparations lowered 5y to 1000mil marks and then allies would review
10
Q
Industrial effect of Dawes plan
A
built factories, output doubled by 1929, cost of living went down and standard went up
11
Q
A
