Economics

Question 1

Dawes Plan

Answer 1

Short Term loan of 16,000 million marks
7,000 million used to pay back ToV
9000 million spent on industry

Question 2

Young Plan

Answer 2

Extend reparation payments to 1988
Reduce reparation payments to £1850 million
5 million people voted against as it accepted the ToV

Question 3

Industrial production between 1924 and 28

Answer 3

It doubled

Question 4

Balance of trade 1926

Answer 4

+817 million

Question 5

Average unemployment in 1932

Answer 5

5.8 million

Question 6

Unemployment in Jan 1932

Answer 6

6.1 million

Question 7

Decrease in farm produce 1913-28

Answer 7

30 million tonnes to 20 million tonnes

Question 8

How much did working classes wages go up

Answer 8

10%

Question 9

How much did Stresemann reduce civil servant pay by

Answer 9

50%

Question 10

New currency introduced

Answer 10

Rentenmark in Nov 1923

Question 11

Weekly wages increase 1924-32 for working class

Answer 11

30% higher in 1930 than 1924

Question 12

Gov spending on housing

Answer 12

20x higher in 1925 than 1913

Question 13

Gov spending on welfare

Answer 13

60% higher in 1929 than 1913

Question 14

Standard of living for emerging MC

Answer 14

Was 25% lower in 1924 than 1913

Question 15

Standard of living for established MC

Answer 15

Was 60% lower in 1924 than 1913

Question 16

Working class maximum 8 hour working day

Answer 16

Gave working people more time for leisure

Question 17

MC fixed income

Answer 17

Didn’t rise with inflation
They were forced to sell/barter their property

Question 18

Farmers tended to do well 1922-24

Answer 18

Food became increasingly valuable in midst of economic chaos

Question 19

Gov regulations on farming

Answer 19

capped prices that farmers could charge

Question 20

Drop in price of agricultural products

Answer 20

25% 1927-30

Question 21

1919 working days lost to strikes

Answer 21

33 million

Question 22

1923 working days lost to strikes

Answer 22

12.35 million

Question 23

1923 unemployment as % of labour force

Answer 23

4%

Question 24

Real hourly wages increases 1924-28

Answer 24

82 to 122 (1925=100)

Question 25

Real hourly wages increases 1924-28

Answer 25

82 to 122 (1925=100)

Question 26

Unemployment as % of workforce 1924-26

Answer 26

5% to 11%

Question 27

Real hourly wage decrease 1929-32

Answer 27

126 to 121 (1925=100)

Question 28

Germany growth in economy compared to US and Britain

Answer 28

Germany = 106
US = 165
Britain = 123
(1913=100)

Question 29

How much did Germany borrow between 1914-18

Answer 29

150 million marks

Question 30

Price increase 1914-18

Answer 30

200%

Question 31

German coal production decrease

Answer 31

15%

Question 32

Unemployment 1929- Jan 32

Answer 32

1.9 mill to 6.1 mil

Question 33

Decline in industrial production 1929-32

Answer 33

40%

Question 34

Trade decline 1929-32

Answer 34

55%

Question 35

Food price decrease 1929-32

Answer 35

45%

Question 36

Civil servants and gov employees wage cuts 1930-32

Answer 36

20%

Question 37

June 1931 Hoover Moratorium

Answer 37

Suspended payments so gov had more money to spend

Question 38

Von Papen budget increase

Answer 38

RM167 mill to RM302 mill in Sept 1932

Question 39

Unemployment Feb 1919

Answer 39

1.1 mill

Question 40

Cup of coffee price increase

Answer 40

5000 marks at 11am
8000 marks at 12pm

Question 41

Consequence of hyperinflation

Answer 41

Family with 50000 marks could live off interest previously
Mid 1923 would buy little more than daily paper