2.3. The Economy Flashcards
(20 cards)
When was the Dawes plan devised?
September 1924
What did Germany’s payment of reparations rely on in the Dawes plan?
US loans (800 million marks)
What did the Dawes plan mean for the Ruhr?
Leaving of allied troops
What did the Dawes plan do?
Rescheduled repayments
When was the Young Plan devised?
1929
How much did Germany have to pay under the Young Plan?
$1.85billion
When did Germany have to pay reparations till under the Young Plan?
1988
Who opposed the Young Plan?
The National Opposition- Hitler, Hugenburg
What happened to industrial production between 1922 and 1928?
Increased by 50%
What happened to coal and steel production between 1922 and 1929?
Increase by 50%
What happened to the annual budget deficit between 1923 and 1924?
Fell from 23% to 1%
Why did annual budget deficit fall between 1923 and 1924?
US loans due to the Dawes Plan
What happened to the burden of reparations payments between 1924 and 1928?
Increased from 1% to 3%
What happened to unemployment between 1923 and 1926?
Rose from 5% to 10%
What was unemployment in 1928?
7%
What happened to earnings and real earnings between 1925 and 1929?
Increased by 35% and 25% respectively
What happened to agricultural prices between 1927 and 1930?
Collapsed by over 20%
What was Germany’s economic growth between 1913 and 1929?
0.4% per year
What was Britain and the US’s growth rate between 1913 and 1929?
1.5%
4%
What area of the population did not benefit so much from economic improvements?
Mitt le stand and white collar workers
