Economic development 1924-28

Question 1

Who replaced Cuno as Chancellor in August 1923?

Answer 1

Gustav Stresemann

Question 2

Why was Stresemann’s coalition called the ‘Great Coalition’?

Answer 2

Because it included parties from both left and right

Question 3

What did Stresemann end in September 1923?

Answer 3

Passive resistance to occupation of the Ruhr

Question 4

What was issued in November 1923?

Answer 4

Rentenmark

Question 5

What backed the new currency?

Answer 5

A mortgage on industrial and agricultural land

Question 6

What was the new currency named in August 1924?

Answer 6

Reichsmark

Question 7

Which financial expert oversaw these changes?

Answer 7

Hjalmar Schacht

Question 8

How did Stresemann reduce government debt?

Answer 8

Cut spending and raised taxes

Question 9

How many civil servants lost their jobs under Stresemann?

Answer 9

300,000

Question 10

Did those who had lost their savings to hyperinflation benefit from the new currency?

Answer 10

Not directly

Question 11

How many companies went bankrupt in 1924?

Answer 11

6000 (233 in 1923)

Question 12

Who asked the allies to set up a committee of experts to look at Germany’s reparations payment issues in November 1923?

Answer 12

Stresemann

Question 13

Who was the Chairman of the Committee?

Answer 13

Charles Dawes

Question 14

When was the Dawes Plan finalised?

Answer 14

April 1924

Question 15

Did the Dawes Plan reduce the amount of reparations to be paid?

Answer 15

No

Question 16

Did the Dawes plan reduce the amount to be paid each year until 1929?

Answer 16

Yes

Question 17

As a result of the Dawes Plan what did Germany receive from the USA?

Answer 17

800m mark loan

Question 18

What did Stresemann called the Dawes Plan

Answer 18

‘an economic armistice’

Question 19

Did right wing nationalists, like DNVP, think the Dawes Plan was a good compromise?

Answer 19

No

Question 20

Did the French leave the Ruhr in 1924-5 after the Dawes Plan?

Answer 20

Yes

Question 21

Did the German economy grow 1924-29?

Answer 21

Yes

Question 22

In what year did the German economy reach 1913 levels of industrial output?

Answer 22

1929

Question 23

What were ‘cartels’?

Answer 23

Co-operative groups of companies

Question 24

How many cartels were formed by 1925?

Answer 24

3000

Question 25

What was Germany allowed to introduce to protect her industries after 1925?

Answer 25

Tariffs

Question 26

In 1924 there were 1973 strikes. How many were there in 1929?

Answer 26

429

Question 27

What new system was introduced to help to settle industrial disputes?

Answer 27

Compulsory arbitration

Question 28

What was the maximum length of the working day in Weimar Germany by law?

Answer 28

8 hours

Question 29

Did living standards increase 1924-29?

Answer 29

Yes

Question 30

In 1927 what increased by 12%?

Answer 30

Real value of wages

Question 31

Who said ‘Germany is dancing on a volcano’ in 1929?

Answer 31

Stresemann

Question 32

How many people were unemployed in 1926?

Answer 32

3 million

Question 33

How many jobs did mining companies cut 1922-29?

Answer 33

200,000

Question 34

Who did not, in general, benefit from improved economic conditions 1924-29?

Answer 34

Mittelstand

Question 35

What did farmers suffer from in mid to late 1920s?

Answer 35

Price slump & agricultural depression

Question 36

Did French forces remain in the Rhineland?

Answer 36

Yes

Question 37

Which American businessman chaired a committee to settle the reparations issue?

Answer 37

Owen Young

Question 38

What did the Young Plan do to the final reparations total?

Answer 38

It reduced it to £1.8bn…but annual payments increased

Question 39

Under the Young Plan when did Germany have to continue to pay reparations until?

Answer 39

1988

Question 40

In return who agreed to withdraw their troops from the Rhineland by June 1930

Answer 40

France and Britain

Question 41

Which DNVP leader launched a nationalist campaign against the Young Plan?

Answer 41

Alfred Hugenberg

Question 42

Who campaigned with the DNVP against the Young Plan?

Answer 42

Hitler and NSDAP

Question 43

Hugenberg drafted the freedom law which demanded the repudiation of Article 231. How would the law be passed or rejected?

Answer 43

By referendum

Question 44

Was the ‘freedom law’ passed?

Answer 44

No

Question 45

Did Hitler gain national prominence by his association with Hugenberg’s well financed anti-Young Referendum campaign?

Answer 45

Yes