Germany : 100 Years Economy Flashcards

(52 cards)

1
Q

How long was the Bismarck Period ?

A

1871 - 1890

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2
Q

How much did Electrical output increase by in what years ?

A

1890 - 1913 : 18% every year

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3
Q

What was the population increase from 1890 - 1910 ?

A

10m

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4
Q

When was Germany the biggest industry in Europe ? (k)

A

1900

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5
Q

In 1872 - 1914, What was Germany’s value of exports up by ?

A

£365m

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6
Q

How much of Europe’s Steel and Coal did Germany produce during Bismarck’s reign ?

A

2/3 Steel
1/2 Coal

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7
Q

How large was Germany’s electrical output during the Kaiserreich ?

A

20% more then Britain, France and Italy combined

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8
Q

When was the WW1 period ?

A

1914 - 1918

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9
Q

What did Walther Rathenua establish ?

A

1914 - War Raw Materials department, Organised industry to ensure it had enough materials for war

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10
Q

What important breakthrough did Rathenua make ?

A

1915 - Synthetics they couldn’t import, could manufacture nitrates for explosives

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11
Q

What Law did Hindenburg & Ludendorff create and what did it do ?

A

1916 - Auxiliary Service Law : Directed work of all men aged 17- 60

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12
Q

What years was the Weimar period ?

A

1918 - 33

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13
Q

How much war debt was inherited ?

A

140Bn marks

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14
Q

When was the Treaty of Versailles and what did it demand ?

A

1921 - DM 2m per year

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15
Q

What was the value of a $1 compared to a DM due to Hyper-inflation ?

A

1923 - $1 = DM 4.2Tn

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16
Q

When was the Wall Street Crash ?

A

1929

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17
Q

What year did industrial production reach pre-WW1 level ?

A

1927 - GNP grew significantly

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18
Q

What years was the Nazi period ?

A

1933 - 45

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19
Q

What happened to unemployment in 1934 ?

A

Halved

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20
Q

Name the most significant public works scheme in Nazi Germany.

A

RAD

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21
Q

By 1938, what % of Gov. expenditure was there on rearmament ?

22
Q

What were the synthetics called in Nazi Germany to boost self-sufficiency ?

A

Ersatz Materials (Substitutes) like oil, rubber and petrol

23
Q

When did industry production peak ?

24
Q

What years was West Germany ?

25
Who was the economic minister of West Germany who was trusted with the Marshall plan aid ?
Ludwig Erhard
26
Why did West German industry thrive during 1950-53 ?
US fighting in Korea, required goods Germany excelled in producing
27
What happened to GNP during Erhard's time as economic minister ?
Trebled during 1950s
28
By January 1931 how many factories had closed due to unemployment ?
6m
29
What % of Germanys workforce was unemployed during the great depression ?
40%
30
By what year had the SA gown from 100,000 to ... ?
1932 - 400,000
31
How many members did the Reichsbanner have by 1932 ?
1 million
32
How many people did the Nazis feed in soup kitchens ?
1931 - 200
33
How large did extremist parties grow ?
Nazis gained 6.4m votes KPD gained 4.4m votes
34
By 1963, how big was West Germanys economy ?
Strongest in Europe 3rd in the world
35
How much did the Marshall aid grant ?
$1.4 Bn
36
During the "economic miracle" what did GDP grow by ?
12% in 5 years
37
What was the law of Co-determination ?
1951 - Any business with over 1000 employees in the iron and steel industry had have reps who have a say in how the business is ran
38
By what year did West Germany nearly have full employment ?
1958
39
When did the Germany economy collapse and how many companies went bankrupt ?
1873 - over 150
40
When did Bismarck issue tariffs and why ?
1878 - Openly campaign against the National Liberals
41
When did the Reichstag pass the protective tariff law and who backed it ?
1879 - 2 Conservative parties and the Centre Party
42
When did Kaiser Wilhelm II order the restructuring of the Navy ?
1888
43
When and who established the Navy League ?
1897 - Admiral Von Tripitz - Pressured for Naval expansion
44
By 1914 how large was the German Navy ?
Doubled in size - 2nd Largest after Britain
45
In 1933, who was appointed as president of the Reichsbank ?
Schacht
46
From 1933 - 35, how much was invested in public works scheme ?
RM 5Bn
47
How much did unemployment fall by in 1934-35 ?
2.7m to 1.7m
48
How did Schacht raise war funds ?
Mefo bills
49
How many Mefo Bills were issued ?
RM 12 Bn - Financed 50% of arms expenditure 1934 - 36
50
What did Schacht's new plan introduce ?
1934 - signed agreements with Latin American and Eastern European countries to limit imports
51
Why did Schacht resign ?
Economy focused too much on war not enough on consumer goods
52
What did the 1936, 4 year plan invest heavily in ?
Ersatz materials