Germany Economy Change Flashcards
From 1845-1870 the Germany railway network grew by 6 times from what to what?
3280km to 19575km
New industries grew rapidly, and electrical output increased how much between 1890-1913?
By 18%
What did AEG stand for and what was it?
Deutsche Edison Gesellschaft formed in 1883, was one of the first major industrial companies focused on electricity
What were the main rivals to AEG?
Siemens and Halske
What was the population in Germany in 1890 and 1910 and the reasons why there was a large labour force and larger markets for Germany’s products and consumer goods?
In 1890 was 50 million
In 1910 was 60 million
The large population ensured Germany enjoyed a boom right up to the outbreak of war
Which Chancellor signed commercial treaties with countries from 1890-1894?
Caprivi
What did the commercial treaties signed by Chancellor Caprivi do?
Lower the tariffs on imports and guarantee German markets for 12 years
Germany was the biggest industrial nation by 1900. How much did their export value increase by between 1872-1914?
£365 million
Name some of Germany’s main products in 1914
- synthetic ammonia (crucial in producing explosives)
- two thirds of Europe’s steel
- half of Europe’s coal
- 20% more electricity than Britain, France and Italy combined
During the period 1918-1933 in Germany how much war debt did the Weimar Government inherit and what impact did this have on the economy?
140,000 million marks
Currency was devalued, trade destroyed, foreign investment was non-existent and inflation increased the cost of most goods
In 1923 how much would a loaf of bread cost and why was this?
DM 9 million due to hyperinflation
In 1924 what did chancellor Stresemann introduce and what was the impact?
Introduced a new currency called Rentenmark which stabilised the economy
In 1924 why was Dawes plan good?
Because it provided massive investment from the US
By what year had industrial production reached pre-World War one levels?
1927
During which period did the GNP grow significantly?
1925-1929