Golden Years (1924-28) Flashcards
1
Q
How long was Gustav Stresemann chancellor?
A
103 days
2
Q
What was the Dawes Plan?
A
- Confirmed the original figure (£6.6 billion) but made payments more manageable
- Should restart by paying 1000 million marks PA, raised by 2500 million PA for 5 years, then adjusted relative to industrial output
-Germany receives large loan of 800 million marks from US for infrastructure investment - Right wingers attacked compromise
- Allies acknowledged German payment issues as real
3
Q
What were German successes in industry?
(name three)
A
- Advances in chemical industry
- Car and aeroplane industry developed
- Inflation rate was close to 0
- Living standards rose as wages increased
- Loand helped populations growth
- Government finances affordable housing (in 1925, 179,000 dwelling built)
- Money spent on welfare and health improvements
- Maximum of 8 hours of work a day
4
Q
What were the failures of German industry?
A
- Cars were too expensive for the average German
- Massive population growth = housing shortage = overcrowding = unsanitary conditions
- Large unemployment
- Unsteady growth rates
- Production did not reach pre-war levels until 1929
5
Q
What was the situation in German agriculture over this period?
(name three points)
A
- Farmers gained very little from economic recovery
- Prices low so farmers were poor
- Peasant farmers were left behind in the great inflation
- Government introduces measures to make borrowing easier, which made things worse: farmers saddled with debt when prices low
- High import tariffs and subsidies
- Increased taxes for welfare
- Grain surplus of 1925-26
- 1928: farmers riots
- 1929: Agriculture production 3/4 of pre-war
6
Q
Who was the Young Plan named after?
A
Owen Young = American businessman
7
Q
When was the Young Plan established?
A
1929
8
Q
What did The Young Plan entail?
A
- Final report of reparations, Germany continues to pay until 1988, total bill reduced to £1.8 billion, annual payment increased.
- In return for increase in annual payment, GBR and FR to withdraw from Rhineland by 1930
