Creation Of Bizonia And New Currency Introduced Flashcards

(4 cards)

1
Q

When was the creation of bizonia and currency reform

A

1948

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2
Q

What was the cause of bizonia and currency reform

A

-Both the US and UK keen to establish a degree of economic recovery,Germany faced economic chaos so currency reform needed
-agreed that they would all pay reparations but didn’t then economic plan agreed but soviets saw as western capitalism

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3
Q

What was the consequences of creation of bizionia and currency reform

A

-Western Germany state created its own currency called deutshe mark
-American + Britain zone merge to create bizonia

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4
Q

explanation of bizonia and currency reform

A

This and the marshall plan showed the four powers in germany had not worked

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