Economic recovery Flashcards
1
Q
Why did Stresemann resume reparations and call off passive resistance?
A
He needed to reconcile with the French in order to evoke some international sympathy for their financial position
2
Q
What did finance minister Hans Luther do to governments expenditure?
A
Cut it to reduce deficit. sacked 700,000 public employees
3
Q
How did Stresemann evoke some international sympathy?
A
from allies with the ‘miracle of the rentenmark’ and his conciliatory policy
4
Q
What did the Dawes Plan in April 1924 propose?
A
- agreed that reparation payments would be started gradually
- a loan of 800million marks to Germany
5
Q
2 issues of the economic recovery
A
- export prices much higher; 1 in 4 miners lost their job
- those who lost savings only received war bonds at 12.5% of the original value
