Creation Of Bizonia And New Currency Introduced Flashcards
(4 cards)
1
Q
When was the creation of bizonia and currency reform
A
1948
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
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
4
Q
explanation of bizonia and currency reform
A
This and the marshall plan showed the four powers in germany had not worked