Weimar Republic economy Flashcards
1
Q
3 economic effects of ww1
A
- printing money led to inflation
- food shortages due to agriculture
- the mark decreased in value by 75%
2
Q
economic impact of tov
A
reparations of £6,600 million
3
Q
how many German businesses went bankrupt after WSC?
A
50,000
4
Q
what negotiations in 1924 and 1929 had made the German economy dependent on foreign loans?
A
- Dawes Plan(1924)
- Young Plan(1929)
5
Q
how much did German wages fall by after WSC?
A
20-30%
6
Q
how much did German national income fall by after WSC?
A
39%
7
Q
What was agreed on July 1, 1931? it delayed Germany having to meet loan repayments for a year.
A
Hoover Moratium
8
Q
how many people were unemployed by 1932?
A
6 million
9
Q
how many major banks collapsed after WSC?
A
5
10
Q
what policies did Von Papen introduce from may 1932?
A
- tax concessions(discounts)
- subsidies(financial support)
11
Q
what was the name of the new currency introduced during ‘golden years’?
A
Rentenmark
