weimar germany: economy

Question 1

what was germany’s debt after ww1?

Answer 1

150 mil marks

Question 2

how much did living standards fall during the first world war?

Answer 2

between 20% and 40%

Question 3

how much did the mark decline by during 1913-1918?

Answer 3

75%

Question 4

when did the weimar gov fail to pay its reparations?

Answer 4

1923

Question 5

how did France and Belgium respond to Germany’s failure to meet its reparation payments?

Answer 5

jan 1923 invasion of the ruhr - a key german industrial region
- seized germany’s raw materials and goods

Question 6

how did the weimar gov respond to the invasion of the ruhr?

Answer 6

called for german workers and business owners to strike and follow a policy of passive resistance

Question 7

how did the crisis in the ruhr increase weimar government debt?

Answer 7

raw materials seized so had to import them

gov had to compensate striking workers/businesses

Question 8

what happened to the bank note in autumn 1923?

Answer 8

it cost more to print a bank note than the note was worth

Question 9

by december 1923 how many german marks were needed to buy $1?

Answer 9

4.2 trillion

Question 10

identify two groups of people who suffered severely as a result of the hyperinflation crisis

Answer 10

pensioners and those on fixed incomes - their incomes completely lost value
people with savings in the bank also lost value

Question 11

what was the name of the temporary currency and when was it introduced?

Answer 11

rentenmark oct 1923

Question 12

what was the name of the new permanent currency an when was it introduced?

Answer 12

reichsmark august 1924

Question 13

what was the result of currency reform?

Answer 13

confidence/faith in the currency

prices began to settle

Question 14

how much did exports rise between 1925-1929?

Answer 14

40%

Question 15

when were the dawes and young plans?

Answer 15

1924 and 1929

Question 16

how much money were germany loaned?

Answer 16

25.5 bil marks

Question 17

identify three pieces of evidence that suggest a limited economic recovery during the golden years

Answer 17

value of imports always exceeded exports bc of heavy tariffs on exports (ToV)
agricultural recession in 1927
germany was completely reliant on foreign loans and gov support

Question 18

how many businesses went bankrupt after 1929?

Answer 18

50000

Question 19

how many banks collapsed after 1929?

Answer 19

5 major banks

Question 20

what proportion of people were unemployed by 1932?

Answer 20

1/3

Question 21

how much did wages fall by?

Answer 21

20%-30%

Question 22

what policies did bruning adopt that didn’t work?

Answer 22

deflation - reducing the prices of goods and services to reduce gov spending
used emergency decree to cute wages, rents and tax rises - a reduction of state expenditure