KQ2 - The Stresemann Years Flashcards
When was the Dawes Plan created?
August 1924
State the terms of the Dawes Plan
Loans to Germany.
Reparations made manageable.
Reichsbank reorganised under Allied supervision.
Ruhr to be evacuated (1925)
Give the Stats for loans made under the Dawes Plan
Initial loan of 800 million marks. Over the next 6 years, Us banks and businesses have loans of nearly $3000 million
When was the Rentenmark created?
November 1923
When was the Young Plan
1929
What were the terms of the Young Plan?
Reparations reduced from £6600 million to £1850 million. Repayment period extended to 59 years (1988)
General positive of Economic Recovery
Public Works: new Stadiums, apartments and opera houses built
How did Big Businesses benefit during this period
Benefited from hyperinflation of 1923 as they were able to pay debts.
Experienced period of industrial growth
Benefits relating to workers during Stresemann Years
Wages increased whilst average working day remained at 8 hrs.
State Arbitration took middle lines in disputes from 1924 - fewer strikes + good relations.
Unemployment figures during the golden years
Risen to 9 million by 1926, fell to
6 million mark over the following 2 years
Groups that didn’t recover well
Industrial workers
Farmers
Lower Middle Class
.
Why did industrial workers struggle?
Increasing wage was not much above rising cost of living
Why did farmers struggle?
Experienced problems throughout 1920s (particularly after 1927)
Worldwide depression in agriculture created need to modernise but lack of profit and debt discouraged investment in new machinery.
1929, industrial production returned to pre-war levels but agriculture was still 74% of its pre-war levels
How did the lower middle class struggle?
Did not fully recover from hyperinflation.
Felt their interests were being ignored by the Weimar Republic which seemed to favour big businesses.
When was the Locarno Pact?
1925
Who did the Locarno Pact include?
Germany, Britain, France and Italy
What were the terms of the Locarno Pact?
Agreed to keep existing borders.