Germany- Economy Golden age Flashcards

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1
Q

what party did Stresemann form

A

DVP

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2
Q

how many days did Stresemann serve as Chancellor

A

‘100 days’ (103 days)

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3
Q

what role did Stresemann have between 1923-1929

A

Foreign minister

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4
Q

What was Stresemann’s coalition called and why

A

‘Great coalition’ as it was the first to include parties from both left and right

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5
Q

what were the 3 steps to bring inflation under control

A

1) end of passive resistance
2) new currency
3) balancing budget

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6
Q

what was the new currency called

A

Rentenmark

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7
Q

what was the conversion rate of rentenmark to old marks

A

1:1 trillion

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8
Q

how many civil servants lost their jobs as a response to Stresemann balancing the budget

A

300,000

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9
Q

what four objectives did Stresemann set out with

A

1) repair Franco-german relations
2) attract US investment
3) maintain german-USSR relations
4) encourage cooperation and peace, especially with Western powers

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10
Q

What was the Dawes plan

A

proposed that Germany should re-start reparations by paying 1000 million marks and this sum should be raised by annual increments over 5 years by 2500 million marks per year.
Germany should receive large loan of 800 million marks from USA to help get the plan started + to allow for heavy investment in German infrastructure.

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11
Q

when was the Dawes plan accepted

A

july 1924

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12
Q

by 1925 how many cartels were there

A

3000

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13
Q

what % of germany’s coal production did cartels account for

A

90%

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14
Q

how much did german exports rise between 1925 and 1929

A

40%

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15
Q

how many homes were built in 1926

A

205,793

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16
Q

how long were workers locked out for as a response to increased wages

A

4 weeks

17
Q

how much did wages increase in 1927 and 1928

A

1927- 9%
1928- 12%

18
Q

Unemployment stats for: 1925, March 1926, 1929

A

1925- 1 million
1926- over 3 million
1929- averaged 1.9 million

19
Q

how much did mining companies reduce workforces between 1922 and 1925

A

136,000

20
Q

what was the Young Plan

A

obliged Germany to continue paying reparations until 1988 but the final sum was reduced to ¼ of the figure demanded in 1921 and in return Br and Fr agreed to move troops from Rhineland by July 1930

21
Q

who launched a nationwide campaign against the Young plan

A

Alfred Hugenburg (new leader of DNVP)

22
Q

how many signatures did Hugenburg recieve for the Young Plan

A

4,135,000

23
Q

what was the freedom law

A

required the government to deny the war-guilt clause of the Treaty of Versailles, to demand immediate evacuation of the occupied areas and declared that any minister who signed a treaty that involved acceptance of war guilt would be tried for treason.

24
Q

how many votes out of how many needed did the vote for the Freedom Law recieve

A

5.1m/21m

25
Q

how much did Nazi members grow to in 1929

A

130,000

26
Q

how much were germanys reparations after the Young plan

A

£1.8 billion