Weimar Recovery 1924-1929 Flashcards
When did Germany see a period of relatively political and economical stability?
1924-1929
Who was the chancellor and why was he good?
Gustav Stresemann and he was respected and trusted.
In 1928 what percentage of the vote was won by the Weimar coalition?
50%
In 1928 what percentage of the vote was won by the Nazis?
2.5%
Why were the Weimar more popular?
They had restored economic security. The Retenmark was introduced which restored stability and confidence in the middle class.
Why did the removal of the French troops from Ruhr help?
It led to the Weimar in 1923 agreeing to start paying reparations again and called off the strike.
What did paying off reparations lead to?
The start of her move towards international acceptance and encouraged ways of helping Germany with her repayments.
When was the Dawes Plan written?
1924.
What did the Dawes Plan do?
The Reichsbank reorganised under allied supervision. Germany received a loan of 800 million gold marks to help kick start her economy. The system of reparations was made more flexible, depending on the state of the German economy.
Who introduced the Dawes Plan?
America.
In the years 1924-1929 how many marks were lent to Germany?
22.5 billion.
In the years 1924-1929 how much was paid in reparations?
22 billion.
Why did the standard of living increase for middle class citizens?
The iron and steel and the chemical industries all boomed.
In 1929 how were the reparations revisited?
The Young Plan.
What did the Young Plan state?
A 59 year schedule was devised for repayments, an average annual payment of 2.5 billion marks was agreed upon, deferment was possible in times of hardship.
