Economy (Chapter 10)

Question 1

When did Stresemann become Chancellor?

Answer 1

1923

Question 2

What did Stresemann introduce to combat hyperinflation? Why did it work?

Answer 2

Rentenmark
- backed by land and industrial assets

Question 3

What was happening agriculturally?

Answer 3

prices for products were lower, farmers fell into debt due to hyperinflation

Question 4

What did the split between industrial assets increasing and agricultural ones decreasing mean?

Answer 4

there was social tensions and divisions

Question 5

What was the Dawes Plan and when?

Answer 5

1924
- US gave large loans to jump start German economy
- restructured reparations from ToV

Question 6

What was the Young Plan and when?

Answer 6

1929
- refined the Dawes Plan
- lowered and gave Germany longer to pay off reparations
- gave Germany more control over finances but still dependant on loans

Question 7

What were some consequences of the social and economic instability for the public?

Answer 7

• people worried about food and losing their jobs
• political extremism gained traction (NAZIs)