Topic 2 Flashcards
When was the Dawes plan introduced?
August 1924
What were the main points of the Dawes Plan?
Reparations payments would begin at 1 billion marks for the first year and would increase over 4 years to 2.5 billion marks,
The Ruhr was evacuated by Allied troops in 1925,
The German Reichsbank was reorganised under allied supervision,
The USA would give loans to Germany to help its recovery
What was the Rentenmark based on?
Property values rather than gold reserves
When was the Rentenmark introduced?
November 1923
What currency followed the Rentenmark?
The Reichsmark
What was the Young Plan?
A plan that reduced reperations to £1.85 billion and the length of time to pay was introduced to 59 years
How many people were unemployed by 1928?
Less than 6 million people
What did the Locarno Pact do?
It ensured the borders between Germany, Belgium and France stayed the same. It was signed by Britain, France, Belgium and Italy
When was the Locarno Pact signed?
1925
When did Germany join the League of Nations?
September 1926
What did the Kellogg-Briand Pact involve?
It made sure that countries would keep armies only for self-defense, and ensured that all international disputes would be solved via ‘peaceful means’
By what percent had real wages increased by 1928?
Over 10%
How many new homes were built bewtween 1924 and 1931?
Two million
What did the Unemployment Insurance Law do?
It required workers and employees to make contributions to a national scheme for unemplyment welfare
When was the Unemployment Insurance Law introduced?
1927
