1.3 Weimar Republic Econ development + Policies Flashcards
(38 cards)
What had the German Gov spent in WW1
All of there Gold reserves
how many printing firms and presses at the end of WW1
150 printing firms with 2000 printing presses
what happened to Industrial output at the end of the War
almost halved
which 3 groups were provided with welfare/pension payments
Wounded
widows
orphans
by 1924, what % of population was receiving federal welfare payments
10%
how much debt did the German Gov owe at the end of WW1
156 billion marks (3x what it had owed in 1914)
what were reparations paid with until 1924
materials e.g. Coal, wood, railway carriages
what happened to the Ruhr 1923
French occupied,
Germany stopped paying Reps to France but still other allies
Ger Workers = Passive resistance
how did Germany resolve Ruhr crisis
called for Ger Workers to stop passive resistance, began negotiations with Fr
How much was 1dollar equivalent to in Marks in Apr 1919 and Dec 1923
Apr 1919 - 12 Marks = $1
Dec 1923 - 4,200,000,000,000 = $1
What party did Stresemann belong to
DVP
what did Stresemann and the DVP do immediately when taking power
issued emergency decree
postponing reichstag
making decisions rapid
what did Streseman introduce in Oct 1923
(Temporary currency) - Retenmark
- restored faith in German Econ
when was the Dawes plan introduced
1924
what was the Dawes plan
reduced reparations to allies
provided 800 million gold marks to Germany
when was the Young plan
1929
What was the Young plan
reduced repayments by 20% over much longer period of time
- helped stabilise
who were cartels and what did they do
groups of business in same industry that made agreements to control prices
what was still a common occurrence during the weimar
strikes and lockouts
when were Germany admitted into League of Nations
1926
what were exports of 1929 compared to pre war
34% higher in 1929 than in 1913
in the 1920s how many agricultural workers were there
between 1/3 and 1/4
what did Hindenburg do to agriculture reforms
blocked them as he was big landowners e.g 1918 Reich settlement Law
what were some of the reasons the Economic Recovery was flawed
- built on foreign borrowing
- industrial production disrupted (tension between workers + owners)
