stresseman recovery 1923-29 Flashcards
1
Q
what new currency did stresseman issue
A
rentenmark
2
Q
what was established by stresseman
A
rentenbank
3
Q
when was the rentenbank established
A
nov 1923
4
Q
what features protected the rentenmark
A
tightly controlled notes
tied to value of gold
5
Q
what was given control of the rentenmark
A
reichsbank
6
Q
when was the reichsbank given control of the rentenmark
A
aug 1924
7
Q
what was the rentenmark renamed as
A
reichsmark
8
Q
what happened to hyperinflation
A
it was over
9
Q
when was the dawes plan
A
1924
10
Q
what were the instalments temporarily reduced to
A
£50M a year
11
Q
what did us banks agree to do
A
make loans to german industry
12
Q
when was the young plan
A
1929
13
Q
what was the total rep payment reduced to
A
£2B
14
Q
how long was the time extended to for germany to pay up
A
1988
15
Q
why were lower reperations good
A
it meant lower taxes
