Inflation crisis Flashcards
when was the Treaty of Versailles signed
1919
when did hyper inflation start
1923
when did Germany miss the Versailles treaty payment
1922
When and how expensive did a loaf of bread cost in Germany
1923 a loaf of bread cost 200 000 million (it was a big NuMber)
when did the first WW end
11th of the 11th 1918 (TiTs up)
How much money did a treaty of Versailles demand from Germany
132 billion gold marks (Time to pay Narcos)
What was the Daws plan
In 1924 The plan provided for the reorganization of the Reichsbank and for an initial loan of 800 million marks to Germany.
What was the young plan
in August 1929 and formally adopted in 1930 It cut Germany’s total reparations from £6.6billion to £2 billion. In addition, the Young Plan also gave 59 years to pay reparations
When did hyper inflation hit the USA
1929, a financial earthquake ravaged Germany and contributed to Adolf Hitler’s march to power.