recovery of weimar Flashcards

1
Q

when and what was the Rentenmark?

A

Temporary currency used by Germany in 1923

Introduced by Stresemann to stabilize the economy.

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2
Q

What currency replaced the Rentenmark in 1924?

A

Reichsmark

The Rentenmark was a transitional currency before the establishment of the Reichsmark.

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3
Q

Define hyperinflation.

A

When money loses its value

A significant economic issue that Germany faced post-WWI.

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4
Q

What was the Dawes Plan and when was it

A

America lends Germany $3000 million for 6 years
1924

A plan to help Germany pay reparations and stabilize its economy.

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5
Q

What did the Young Plan accomplish and when

A

Decreased reparations to £1950 million and extended payments to 59 years
1929

Aimed to make reparations more manageable for Germany.

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6
Q

What was the Treaty of Versailles?

A

Determined how Germany was treated after WWI

A peace treaty that imposed heavy reparations and territorial losses on Germany.

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7
Q

when and what was the Locarno Pact?

A

1925 Agreement on the border signed by Britain, France, Italy, and Belgium

Aimed at ensuring peace in Western Europe.

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8
Q

When and what was the Kellogg-Briand Pact?

A

1928 Agreement between 65 countries, including Germany, to solve conflict peacefully

A diplomatic effort to prevent war.

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9
Q

Who introduced the Rentenmark?

A

Stresemann

Key figure in recovering the German economy post-WWI.

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10
Q

What were the benefits of public works during the recovery?

A
  • Stadiums
  • Opera houses
  • Apartment blocks

These projects contributed to industrial growth and economic recovery.

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11
Q

What was the negative impact of American loans on Germany?

A

Germany became dangerously dependent on America’s loan

Highlighted the vulnerability of the German economy.

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12
Q

when did stressemann become chancellor and when was his death

A

1923-1929

He was a leading member of every government during that time.

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13
Q

What did Stresemann achieve during his leadership?

A
  • 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.

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14
Q

What assistance did Stresemann provide to ordinary people?

A
  • Better housing
  • Job centers
  • Unemployment pay

Measures aimed at improving the living conditions of citizens.

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15
Q

Fill in the blank: In 1924, the Rentenmark became the _______.

A

Reichsmark

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16
Q

Fill in the blank: The Young Plan reduced reparations to _______.

A

£1850 million

17
Q

When did Germany join the League of Nations, and why was it significant?

A

Germany joined the League in 1926, gaining a permanent seat on the council and being recognized as a great power again.

18
Q

How did Germany’s improved international relations benefit them?

A
  1. France withdrew from the Ruhr in 1925.
  2. Allies agreed to the Dawes and Young Plans.
  3. Allied troops withdrew from the Rhineland 5 years early.
19
Q

What was the “Golden Age” in Germany? (4)

A

A period of significant improvements in the standard of living, women’s rights, and economic prosperity, reducing support for extremist groups like the Nazis.

20
Q

How did living standards improve during the Golden Age? (3)

A
  1. Wages: Workers had rising wages and were among the best-paid in Europe.
  2. Housing: 2 million new homes were built between 1924-1931, supported by loans with low interest rates.
  3. Unemployment Insurance: Introduced in 1927, it provided benefits for unemployed, disabled, and retired workers.
21
Q

How did women’s rights improve during the Golden Age?

A
  1. Women over 20 were allowed to vote.
  2. Increased employment opportunities in fields like teaching and retail.
  3. Social freedom: Women could drink and smoke in public and go out unescorted.
22
Q

What problems remained during the Golden Age? (4)

A
  1. The middle class was still struggling due to hyperinflation.
  2. 8% of the working class remained unemployed.
  3. Farmers struggled due to increase in demand of production
  4. Right-wing criticised gov. for relying on foreign loans and paying reparations.