Knowledge Organiser: Economic development and policies Flashcards

1
Q

What happened in April 1921?

A

Reparations payment set at £6.6 billion

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2
Q

What happened in January 1923?

A

France and Belgium invade Ruhr

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3
Q

What happened mid 1923?

A

Hyperinfaltion begins

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4
Q

What happened in October 1929?

A

Wall Street Crash & Stressman dies

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5
Q

What happened between 1933-1936?

A

First 4 year plan

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6
Q

What happened between 1936-1939?

A

Second 4 year plan

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7
Q

What happened in 1942?

A

Central Planning Board- in charge of distribution of raw materials, desicion making for factories and transport

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8
Q

What hppened in 1948?

A

Marshall Plan

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9
Q

What happened in March 1948?

A

Ludwig Erhard becomes Director of Economic Administration

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10
Q

What hapened in April 1948?

A

FRG joins Organisation for European Economic Co-operation

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11
Q

What happened in 1950?

A

FRG joins the European Payment Union

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12
Q

What happened in 1951?

A

FRG joins the General Agreemeant on Tariffs and Trade

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13
Q

What happened in 1952?

A

FRG joins the International Monetary Fund

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14
Q

What happened in 1955?

A

FRG joins NATO

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15
Q

What happened on 25th March 1957?

A

FRG signed Treaty of Rome

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16
Q

What happened in 1966?

A

FRG experiences economic recession

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17
Q

What happened in 1973?

A

Oil Crisis

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18
Q

What happened in 1978?

A

Another oil crisis

19
Q

What is the Black Market?

A

illegal trading system

20
Q

What is social welfare?

A

support system for those affected by WW1

21
Q

Who was Gustav Stressman?

A

German chancellor in 1923
German Foreign Minister 1923-1929

22
Q

What werr the ‘Golden Years’?

A

period of economic prosperity 1924-29

23
Q

What is Rentenmark?

A

new currency intoduced by Stressman to get Germany out of econmoic crisis

24
Q

What is Reichsmark?

A

currency intoduced in 1934 when economy had stabalised

25
Q

What was the Dawes Plan?

A
  • 1924
  • Fixed repaymeny system for repaations
26
Q

Young Plan?

A
  • 1929
  • lowered reparation payments and set a fixed time for repayment
27
Q

What is Autarky?

A

ecomomic self-sufficiency

28
Q

Who was Hajamar Schacht?

A
  • Weimar economist who was kept on by Nazi’s
  • created the New Plan
29
Q

What was the New Plan?

A
  • aimed to reduce imports, reduce unemployment, make trade agreements with other countries
30
Q

What was the 4 Year Plan?

A
  • Goring
  • prepare Germany for War by rearming and achieving autarky
31
Q

What is invisible unemployment?

A

sections of society that were not included in enumployment statistics

32
Q

Who are DAF?

A

German Labour Front

33
Q

Who were RAD?

A

National Labour Service

34
Q

What was Strength Through Joy?

A

organisation that took care of people’s leisure time

35
Q

What was Beauty of Labout?

A

organisation to imrpove working life

36
Q

what was the National Socialist People’s Welfare Programme?

A
  • 1933
  • divided people into those who deserved help and people who didn’t
37
Q

What happened in the Winter Aid Programme?

A
  • 1933
  • provided deserving poor with food/ clothing
38
Q

What is Volkswagen?

A
  • the ‘people’s car’
  • KdF method of improving standard of living
39
Q

What was the Command Economy?

A

gvt controls what is made and how much is produced

40
Q

Who was Fritz Todt?

A

1940 he became Minister of Armaments of Social Welfare

41
Q

What was the Social Mrket Economy?

A

free market with elemets of social welfare

42
Q

What was Marshall Aid?

A

aid given in response to Marshall plan

43
Q

What is an Economic Miracle?

A

period of dramatic economic developments that are unextepcted or strong