policies for recovery 1924-28

Question 1

October 1923 - Mark…

Answer 1

withdrawn and replaced by Rentenmark (temporary measure)

Question 2

Hjalmar schacht

Answer 2

• oversaw introduction of rentenmark
• made president of reichsbank in December 1923

Question 3

august 1924

Answer 3

rentenmark changed to Reichsmark (RM)

Question 4

gov used emergency decrees

Answer 4

-control rents
- wages
- prices
help stabilise currency

Question 5

nickname stresseman

Answer 5

architect of Germany’s economic recovery

Question 6

1924 bankruptcies

Answer 6

1924 : more bankruptcies than in the previous 5 years altogether

Question 7

surviving big businesses began to form

Answer 7

cartels whose fixed prices helped stabilise economy

Question 8

chemical industry 1925 vs 1913 vs 1930

Answer 8

by 1925 chemical industry making 1/3 more than in 1913 , and almost two thirds more by 1930

Question 9

exports w germany’s admission into the League of Nations

Answer 9

German exports went back to their 1913 levels of 10 billion marks by 1926 , and by 1929 exports were 34% higher than in 1913

Question 10

1920’s agricultural workers

Answer 10

between 1/3 and 1/4 of all workers agricultural workers

Question 11

big landowners eg president Hindenburg

Answer 11

had political influence that enabled them to block land reforms where they did not work in their interest

Question 12

1918 Reich settlement law

Answer 12

made landowners sell land to the government to be redistributed among their poorest tenants

Question 13

government spend heavily

Answer 13

• subsidised grain production
• subsidised industry
• spent heavily on social welfare , providing housing and benefits for the poorest