Golden Age - How It Happened / Econimic Recovery

Question 1

Gustav Stressemann background

Answer 1

•post WW1 set up own party - German People’s Party
•National assembly - helped write constitution
•chancellor whilst Ebert President

Question 2

Who’s Coalition Collapsed?

Answer 2

Wilhelm Cunos

Question 3

The great coalition
1What did it replace?
2When?
3 why was it successful?

Answer 3

1 Cunos Government
2 august 1923-November 1923
3 both left and right, no extreme, pro democracy

Question 4

Stressemans 3 steps to stop hyperinflation

Answer 4

1. End passive resistance
2. Scrap old currency and replace it
3. Balance the budget

Question 5

Stressemanns steps
1 / 3 end Pas Res in Rurh

Answer 5

•September 1923 called it off (stoped paying)
•led to Beer Hall Putsch
•no alternative

Question 6

2 / 3 scrap currency and replace it

Answer 6

•Nov 1923 Rentenmark introduced
-replaced Reichmark
•1 renten = 1trillion reichmark
•backed by gold and agriculture
•Hjalmar Schact

Question 7

Who organised the Rentenmark?

Answer 7

Hjalmar Schact

Question 8

3 / 3 balance the budget

Answer 8

•Cut spending, raise taxes
-300,000 civil servants lost their job
•tax raised

Question 9

The Dawes plan
Who set up the meeting?

Answer 9

•Nov 1923 Stressemann Reperation Committee (led by allies) meeting
•America wanted to help
-Germany owed France money, France owed America money
-Charles Dawes (American banker)

Question 10

The Dawes plan
When was the meeting?

Answer 10

November 1923

Question 11

The Dawes Plan
The deal

Answer 11

•6.6bil confirmed
•payments reduced
-start 1000m, rise to 2500 marks annually
•checkup 1929
•loan from America - 800million marks to invest

Question 12

The Dawes Plan

How much was the loan that America gave?

Answer 12

800million marks towards infrastructure

Question 13

The Dawes plan
What did Stressemann think?

Answer 13

It was a ‘temporary armistice’

Question 14

What was it called when the right opposed the Dawes plan?

Answer 14

‘The national opposition’

Thought it was submitting to the TOV

Question 15

Results of the Dawes plan

Answer 15

French left Rurh once payed

Question 16

The young plan
Why was it put in place?

Answer 16

Because the Dawes plan was only temporary
British troops left Rhineland not Ruhr

Question 17

The young plan
Who was there?

Answer 17

American Owen Young
Schact - representative

Question 18

The young plan
The deal

Answer 18

•overall bill reduced
- annual payments increase
•will be paying until 1988
•British troops agreed to be removed from Rhineland by 1930

Question 19

The young plan
When and where?

Answer 19

Paris 1929

Question 20

The young plan
What did the nazis think?

Answer 20

•DNVP (people’s party right wing) - leader Hugenberg launched national campaign
-‘freedom of law’ -gov reject war guilt clause and punish anyone who signed TOV
-4mil signatures

Question 21

The Dawes plan
What is the freedom law

Answer 21

Petition for gov reject war guilt clause and punish anyone who signed TOV

Question 22

Winners of Economic Recovery
(5)

Answer 22

1. Welfare
2. Industrial
3. Trade
4. Living standards
5. Less strikes

Question 23

Losers of Economic Recovery
(5)

Answer 23

1car owners
2farmers
3trade
4house owners
5bank distrust