How Stable Was The Weimar Republic In The 'Golden Years' 1924-1929 Flashcards
What was the new currency created in November 1923?
Rentenmark
What was the currency used between 1923 and 1948 replacing the rentenmark?
Reichsmark
When had weimar reached 1913 industrial production levels?
1927
Why did the stabilisation of the currency also create economic problems?
It led to an increase in the cost of exports, forcing industrialists to look for ways to cut their cost and often resulted in workers being made redundant
What was a reason 5 million people entered the workforce in the late 1920s creating more unemployment?
There was a baby boom in the First World War
How many unemployed in January 1928?
2 million
What was the Dawes plan?
Drawn up by US banker Charles Dawes, where US dollars financed an expansion on German government spending both at national and local levels and loans were made to industry and German banks
How much did the Dawes Plan raise?
800 million marks
What was the Young Plan in 1929?
A plan to reduce reparation and to extend the peered over which they were pause which would help government spending but also caused considerable resentment among nationalist groups in Germany who felt the reparations should be cancelled completely
What did the foreign loans mean for Germany in the 1920s?
Though made them one of the world’s leading manufacturers by 1930, it did mean they were very dependent on foreign loans
By 1929 how many German farms were failing to make a profit?
Early 1/2
Why was there large-scale protests in areas such as Schleswig-Holstein?
The importing of cheap food in return for access to markets for industrials goods, where many in the countryside believed the government was favouring towns at the expense of the countryside
Which party did not like Stresemann’s policy of rapprochement with France and Britain?
DNVP
How much of the vote did the NSDAP get in 1928?
3%
What is the DDP?
German Democratic Party, liberal party
