Golden Age Flashcards
when was the Golden Age
1923-1929
who was chancellor in the Golden Age
Gustav ‘Superman’ Stresemann
what does DIFFERS stand for
Dawes Plan and Young Plan Inflation controlled (rentenmark) French leave Ruhr 1924 Foreign Affairs (Locarno Treaty, League of nations) Economic growth Reforms Strength at centre
when was the Dawes Plan
1924
what did the Dawes Plan do
loan of 800million marks from US for reparations
when was the Young Plan
1929
what the Young Plan do
Germany agreed to keep paying the Allies 2,000 million marks a year for the next 59 years
explain I in DIFFERS
introduction of the Rentenmark , all old currency was destroyed and prices began to drop
explain F in DIFFERS
stresemann negotiated with French to start paying reparations back so they left the Ruhr
when was the Locarno Treaty
1925
what did the Locarno Treaty do
also signed by Britain , promised that France would not invade if Germany kept repaying the word money
when was Germany allowed back in the League of Nations
1926
explain the E in DIFFERS
cultural life boomed when 25000 million marks were borrowed from the US for railways factories and roads
when was Labour Exchanges introduced
1927
what else did the R in DIFFERS represent
unemployment pay and 3 million new houses built
explain the S in DIFFERS
Stresemann arranges the Great Coalition which allowed them to resist extremist parties and overcame proportional representation
what Pact was in 1928
Kellog-Briand Pact with 64 other nations that promised they dint use their army for war only self defense
reasons why it wasn’t the golden age(4)
1) recovery based on american loans
2) unemployment was still high
3) industry growth slowed after 1927
4) farming suffered due to price falls
how did Stresemann effect unemployment (2)
1) unemployment decreased by 700,000 between 1926-1928
2) unemployment benefits provided an average dog 60 marks a week
how did stresemann effect work and wages(3)
1) working conditions improved
2) wages increased by 25%
3) length of working week shortened
how did stresemann effect housing
shortage eased by 1928
