Wall Street Crash,depression And Hyper Inflation Flashcards
1
Q
How long did the depression last?
A
About 3 years
2
Q
How did the hyperinflation start in Germany?
A
Germany failed to make a reparations payment
3
Q
What happened when Germany didn’t pay the reparations ?
A
French troops occupied the Ruhr an industrial sector to get some money out of Germany.
4
Q
How did the German government respond to the occupation ?
A
They ordered the German people to strike
5
Q
How did the German government pay the workers during this time?
A
They started printing money to pay the striking workers
6
Q
When was the Deutschmark abandoned as a currency
A
In November 1923
7
Q
When was the Dawes plan introduced?
A
In August 1924
8
Q
What did the Dawes plan do?
A
The USA lending money to country’s with poor economy’s.
9
Q
When did the Wall Street crash take place?
A
1929
