recovery of weimar Flashcards
when and what was the Rentenmark?
Temporary currency used by Germany in 1923
Introduced by Stresemann to stabilize the economy.
What currency replaced the Rentenmark in 1924?
Reichsmark
The Rentenmark was a transitional currency before the establishment of the Reichsmark.
Define hyperinflation.
When money loses its value
A significant economic issue that Germany faced post-WWI.
What was the Dawes Plan and when was it
America lends Germany $3000 million for 6 years
1924
A plan to help Germany pay reparations and stabilize its economy.
What did the Young Plan accomplish and when
Decreased reparations to £1950 million and extended payments to 59 years
1929
Aimed to make reparations more manageable for Germany.
What was the Treaty of Versailles?
Determined how Germany was treated after WWI
A peace treaty that imposed heavy reparations and territorial losses on Germany.
when and what was the Locarno Pact?
1925 Agreement on the border signed by Britain, France, Italy, and Belgium
Aimed at ensuring peace in Western Europe.
When and what was the Kellogg-Briand Pact?
1928 Agreement between 65 countries, including Germany, to solve conflict peacefully
A diplomatic effort to prevent war.
Who introduced the Rentenmark?
Stresemann
Key figure in recovering the German economy post-WWI.
What were the benefits of public works during the recovery?
- Stadiums
- Opera houses
- Apartment blocks
These projects contributed to industrial growth and economic recovery.
What was the negative impact of American loans on Germany?
Germany became dangerously dependent on America’s loan
Highlighted the vulnerability of the German economy.
when did stressemann become chancellor and when was his death
1923-1929
He was a leading member of every government during that time.
What did Stresemann achieve during his leadership?
- Called off strikes
- Led to French withdrawal from the Ruhr
- Solved hyperinflation with Rentenmark
- Arranged the Dawes Plan
His leadership was critical in stabilizing the German economy.
What assistance did Stresemann provide to ordinary people?
- Better housing
- Job centers
- Unemployment pay
Measures aimed at improving the living conditions of citizens.
Fill in the blank: In 1924, the Rentenmark became the _______.
Reichsmark
Fill in the blank: The Young Plan reduced reparations to _______.
£1850 million
When did Germany join the League of Nations, and why was it significant?
Germany joined the League in 1926, gaining a permanent seat on the council and being recognized as a great power again.
How did Germany’s improved international relations benefit them?
- France withdrew from the Ruhr in 1925.
- Allies agreed to the Dawes and Young Plans.
- Allied troops withdrew from the Rhineland 5 years early.
What was the “Golden Age” in Germany? (4)
A period of significant improvements in the standard of living, women’s rights, and economic prosperity, reducing support for extremist groups like the Nazis.
How did living standards improve during the Golden Age? (3)
- Wages: Workers had rising wages and were among the best-paid in Europe.
- Housing: 2 million new homes were built between 1924-1931, supported by loans with low interest rates.
- Unemployment Insurance: Introduced in 1927, it provided benefits for unemployed, disabled, and retired workers.
How did women’s rights improve during the Golden Age?
- Women over 20 were allowed to vote.
- Increased employment opportunities in fields like teaching and retail.
- Social freedom: Women could drink and smoke in public and go out unescorted.
What problems remained during the Golden Age? (4)
- The middle class was still struggling due to hyperinflation.
- 8% of the working class remained unemployed.
- Farmers struggled due to increase in demand of production
- Right-wing criticised gov. for relying on foreign loans and paying reparations.
