Golden Age - Economic Recovery Flashcards
1
Q
What year did industrial output reach 1913 levels?
A
1929
2
Q
Which years did German economy shrink?
A
1928 & 1929
3
Q
Define ‘cartels’
A
Small companies that work together to fix prices in a market
4
Q
What % of Germany’s coal & steel production were cartels?
A
90%
5
Q
How many Cartels by 1925?
A
3000
6
Q
When did Germany introduce tariffs on imports?
A
1925
7
Q
Define ‘tariffs’
A
Taxes on foreign goods entering the country
8
Q
How many houses built in 1925?
A
178,930
9
Q
How many houses built in 1926?
A
205,793
10
Q
How many more houses built in 1925 than 1924?
A
70,000
11
Q
Number of strikes in 1925
A
1708
12
Q
Number of strikes in 1926
A
351
13
Q
Number of strikes in 1928
A
739
14
Q
Define ‘compulsory arbitration’
A
Industrial disputes would be settled by an independent party
15
Q
Increase % real wages in 1927
A
9%
