Germany- Economy Golden age Flashcards
what party did Stresemann form
DVP
how many days did Stresemann serve as Chancellor
‘100 days’ (103 days)
what role did Stresemann have between 1923-1929
Foreign minister
What was Stresemann’s coalition called and why
‘Great coalition’ as it was the first to include parties from both left and right
what were the 3 steps to bring inflation under control
1) end of passive resistance
2) new currency
3) balancing budget
what was the new currency called
Rentenmark
what was the conversion rate of rentenmark to old marks
1:1 trillion
how many civil servants lost their jobs as a response to Stresemann balancing the budget
300,000
what four objectives did Stresemann set out with
1) repair Franco-german relations
2) attract US investment
3) maintain german-USSR relations
4) encourage cooperation and peace, especially with Western powers
What was the Dawes plan
proposed that Germany should re-start reparations by paying 1000 million marks and this sum should be raised by annual increments over 5 years by 2500 million marks per year.
Germany should receive large loan of 800 million marks from USA to help get the plan started + to allow for heavy investment in German infrastructure.
when was the Dawes plan accepted
july 1924
by 1925 how many cartels were there
3000
what % of germany’s coal production did cartels account for
90%
how much did german exports rise between 1925 and 1929
40%
how many homes were built in 1926
205,793
how long were workers locked out for as a response to increased wages
4 weeks
how much did wages increase in 1927 and 1928
1927- 9%
1928- 12%
Unemployment stats for: 1925, March 1926, 1929
1925- 1 million
1926- over 3 million
1929- averaged 1.9 million
how much did mining companies reduce workforces between 1922 and 1925
136,000
what was the Young Plan
obliged Germany to continue paying reparations until 1988 but the final sum was reduced to ¼ of the figure demanded in 1921 and in return Br and Fr agreed to move troops from Rhineland by July 1930
who launched a nationwide campaign against the Young plan
Alfred Hugenburg (new leader of DNVP)
how many signatures did Hugenburg recieve for the Young Plan
4,135,000
what was the freedom law
required the government to deny the war-guilt clause of the Treaty of Versailles, to demand immediate evacuation of the occupied areas and declared that any minister who signed a treaty that involved acceptance of war guilt would be tried for treason.
how many votes out of how many needed did the vote for the Freedom Law recieve
5.1m/21m
how much did Nazi members grow to in 1929
130,000
how much were germanys reparations after the Young plan
£1.8 billion
