Economic Developments 1924-28

Question 1

When did the Cuno government collapse?

Answer 1

August 1923

Question 2

What parties were in the ‘Great Coalition’?

Answer 2

DVP
Centre
SPD
DDP

Question 3

Who was leader of the ‘Great coalition’?

Answer 3

Gustav Stresemann

Question 4

How long was Stresemann chancellor?

Answer 4

103 days

Question 5

What did Stresemann do by the time he left office?

Answer 5

Currency stabilised
Inflation under control
Attempts to overthrow the republic failed

Question 6

When was passive resistance ended?

Answer 6

September 1924

Question 7

Why was passive resistance ended?

Answer 7

To save money

Question 8

What was the new currency in November 1923 called?

Answer 8

Rentenmark

Question 9

What was the conversion of 1 rentenmark to old marks?

Answer 9

1:1 trillion

Question 10

What was the rentenmark supported by?

Answer 10

Supported by a mortgage on all industrial and agricultural land

Question 11

What did the rentenmark become in August 1924?

Answer 11

The Reichsmark backed by the gold reserve

Question 12

Who did the introduction of the Rentenmark happen under?

Answer 12

Hjalmar Schacht

Question 13

What did stressemans government do?

Answer 13

Cut expenditure and raised taxes

Question 14

How many civil servants lost their jobs under Stresemann?

Answer 14

300,000

Question 15

How many companies went bankrupt in 1923 compared to 1924?

Answer 15

233—————>6000

Question 16

When was the Dawes plan completed?

Answer 16

April 1924

Question 17

What was the Dawes plan?

Answer 17

An attempt to make the reparation more feasible for German

Question 18

What did the Dawes plan say?

Answer 18

Amount paid each year by Germany should be reduced till 1929
Germany should receive a $800 million loan

Question 19

What did Stresemann say the Dawes plan was?

Answer 19

Economic armistice

Question 20

What benefits did the plan bring to Germany?

Answer 20

Allies accepted Germany repayment problems were real

Loans were granted which allowed Germany to rebuild

The French gradually left the Ruhr

Question 21

What did American loans help do?

Answer 21

Stimulate the economy

Question 22

How many cartels were there in 1925

Answer 22

3000

90% of Germanys steel and coal production

Question 23

How many strikes happened in 1924 compared to 1930?

Answer 23

1973—————>353

Question 24

How many new homes were built by the government in 1925 compared to 1926?

Answer 24

178,930————> 205,793

Question 25

How much did real wages rise by in 1927?

Answer 25

9%

Question 26

What did Stresemann say about the German economy in 1929?

Answer 26

It was dancing on an economic volcano

Question 27

What was unemployment by the end of 1925 compared to March 1926?

Answer 27

1 million—————>3 million

Question 28

Who did not benefit from the Weimar ‘Economic miracle’ ?

Answer 28

Mittelstand

Question 29

Why did farmers not benefit from the ‘Economic miracle’ ?

Answer 29

Worldwide agricultural depression Peasant farmers savings wiped out Farmers became saddled with debt Grain price slump 1925-26

Question 30

When was the Young plan?

Answer 30

1929

Question 31

What did the Young plan do?

Answer 31

Lowered reparations to £1.8 billion Annual payments increased Foreign control over reparations were ended Allies removed from Rhineland by 1930