Golden Years Flashcards
Political developments
No putsch attempts or political assassinations
Creation of the grand coalition 1928
1928 75% of vote
Nazi vote remained low 2.6%
Hindenburg chose an SPD chancellor despite of his hostility to socialism
Political problems
Political parties did not cooperate well together
Due to proportional representation it was different to form a stable coalition government
Support for extremists was still apparent KPD gained 10.6% of the 1928 vote
Economic developments
1928 production equal to that of 1913 1928 NI 12% higher than 1913 Exports rose 40% between 1925 and 1929 USA loaned Germany 25.5 billion marks Inflation remained relatively low Wages rose every year between 1924 and 1930
Economic problems
Agriculture in recession from 1927
German economy heavily reliant on US loans
Unemployment didn’t fall below 1.3 million
Germany economy did not perform as well as comparable economies
Tensions remained high between classes
Foreign policy
Ruhr crisis ended
Fulfilment
League of Nations 1926
Dawes and young plan