History β³ | Germany Depth: Weimar? More like Whymar π» | 6.1b Flashcards
When were the reparations for Germany announced?
In the 1921 reparations commision
How did the reparations commision increase tensions between France and Germany?
- Germany couldnβt pay the money
- Franceβs security laid in the ToV being upheld but if Germany wouldnβt pay this would be a threat to their security
France needed the money to rebuild their economy
When were the Wiesbaden Accords?
Oct 1921
What were the Wiesbaden accords?
An agreement between Germany and France to renegotiate the harsh reparations. France would take raw materials rather than cash.
Who was the French prime minister in 1922?
Raymond Poincare
How did the French prime minister heighten the reaction to Germany wanting to suspend reparation payments?
The prime minister in 1922 was very nationalistic.
Why did the French occupy the Ruhr valley?
Germany asked for reparation payments to be suspended for four years, and the French felt this would jeapordise the ToV.
When was the Ruhr occupation?
Jan 1923
Which countries occupied the Ruhr?
The French and Belgians with support of Italy
How did the German government respond to the Ruhr occupation?
The German Chancellor Wilhelm Cuno said that the occupation went against the ToV, and workers striked so they wouldnβt be forced to work.
How did France try to maintain Ruhr industry during the strikes?
They encouraged the unemployed in France and Belgium to work in the Ruhr valley
How did France try to stop resistance in the Ruhr valley?
They tried to arrest German police and strike leaders
What form of resistance was used by workers in the Ruhr valley?
Passive resistance
How did the Weimar republic encourage the Ruhr valley workers to continue striking?
As there wasnβt any industrial output from the Ruhr, the government had to pay workers with printed money
How did German hyperinflation begin?
With the government printing money for Ruhr workers, the value of money decreased at a fast rate.
In Jan 1914, how much was Β£1 worth in German marks?
20 marks
In Jan 1922, how much was Β£1 worth in German marks?
760 marks
In Nov 1922, how much was Β£1 worth in German marks?
50,000 marks
In Nov 1923 how much was Β£1 worth in German marks?
16,000,000,000 marks
(16 billion marks!)
In Jan 1922, how many tonnes of coal production in the Ruhr was there?
90 million tonnes of coal production
In Feb 1923, how many tonnes of coal production in the Ruhr was there?
2.5 million tonnes of coal production
What would people use to fuel fires during German hyperinflation?
Bank notes! It was so worthless!
Who was Gustav Stresemann?
The chancellor of Weimar Germany in 1923 and DVP founder. Next, he was foreign minister.
The DVP was a right wing party
When did Gustav Stresemann become chancellor?
Aug 1923
How did Stresemannβs opinion towards the Weimar republic change?
Originally, he opposed the republic, even supporting Freikorps. But as he noticed the extremist uprisings he realised the alternatives were not that great.
What were Stresemannβs successful economic reforms?
- Calling off the Ruhr strikes
- Replacing the mark with the Retenmark and Reichsmark
- Appointing Hjalmar Schacht
- The Dawes plan
What was the retenmark?
When was it introduced?
A temporary form of currency introduced to replace the worthless German mark
It was introduced in 1923
What was the reichsmark?
When was it introduced?
The permanent new German currency to replace the mark, with equal value to the retenmark
It was introduced in 1924
Who was Hjalmar Schacht?
Possibly the most important historical figure you will ever know
Amazin, incredible, wonderful expert financer for the Reichsbank. ~~This man singlehandedly fixed every problem ever~~
Then again, he also paid a role in convincing Hindenburg to appoint Hitler as chancellor
Harry Patch is a close second.
When was the Dawes plan proposed?
Apr 1924
When was the Dawes plan accepted?
Sept 1924
What did the Dawes plan say about reparations?
The reparations stayed the same at 50 billion marks, but
- For the first 5 years, Germany only had to pay 1 billion marks a year
- Afterwards, they had to pay 2.5 billion marks a year
What loans were offered during the Dawes plan?
The US loaned 800 million marks to Germany
What was the young plan?
Another restructuring of German reparations, this time reducing the amount that had to be paid.
When was the Young plan proposed?
Aug 1929
When was the Young Plan accepted?
Jan 1930
What did the Young Plan say about reparations?
The total amount was reduced by 20%.
- Germany had to pay 2 billion marks per year
- 2/3rds of the money Germany had to pay could be postponed each year
- Payments would end in 1988
What loans were offered to Germany during the Young Plan?
The US banks would continue to loan Germany money, coordinated by JP morgan banks.
For how long was Stresemann chancellor?
Like, the dates.
Aug 13 - Nov 23 1923
After Stresemann stopped being chancellor, what position did he take?
Foreign minister