Weimar Economy 1924 - 1928 Flashcards
1
Q
When did Cuno’s coalition government collapse and who took over?
A
August 1923. Gustav Stresemann.
2
Q
How many days was Stresemann in power for, and what had he achieved?
A
In 103 days, he stabilised the Currency, brought inflation down and the attempts to overthrow the republic from the left and right wings had failed.
3
Q
How did he stabilise the Currency?
A
- He ended Passive resistance
- He introduced the Rentenmark
- He balanced the budget (cut expenditure, fired 300,000 civil service workers and raised tax)
- He made sure the Gold Reserve Balanced the value of the new mark.
4
Q
What was the Dawes Plan?
A
