Policies for recovery - Weimar

Question 1

currency replaced

Answer 1

• mark replaced with rentemark by schacht and value tied to gold
• this restored German faith in currency and brought rent, food and bills to a halt
• people were able to exchange old marks for new

Question 2

foreign policy

Answer 2

• dawes plan 1924: reduced amound to pay reparations and extended time / charles dawes American
• young plan 1929: USA loans to help pay reparation
• 1926 - joined league of nations
• 1928 - kellog briand pact : outlawed war
• 1929 oct - wall st crash

Question 3

depression

Answer 3

• 1925 germany producing 1/3 more than 1913 and 2/3 more by 1930
• usa demanded loans back

Question 4

trade recovery

Answer 4

• us isolationism lead to higher tarrifs and + german sanctions
• german exports back to 1923 levels of 10 bil marks by 1926 - 12 billion
• 1929 - exports at 34% hgiher than 1023

Question 5

agriculture

Answer 5

• 1920’s between 1/2 and 1/4 of all workers were farmers
• pres hindenburg landowner so was able to block laws ie. 1918 reichs law of settlement to redistrib land to poor
• wealthy ppl were able to push for higher subsidies

Question 6

govt spending

Answer 6

• taxed loans but ppl didnt like tax as it reduced disposable income
• 1913 - the lowest tax bracket was 47%
• 1926 it was 62%
• 1928 - 55%
• economy built on foreign loans so depression affected them