hyperinflation Flashcards
1
Q
why did the french occupy the Ruhr in 1923?
A
- As Germany could not pay off their debt after ww1
- The Ruhr could be used by the French to pay themselves back
1
Q
in germany
what happened in 1923?why?
A
hyperinflation hit its peak, ruining the countries economy completely.
due to the value of the reichsmark dropping so rapidly.
2
Q
how did Stresseman end hyperinflation? give 3 ways
A
introduced the Rentenmark, this was more stable and valuable
reduced government spend
persuading France to leave the Ruhr
3
Q
What did the Dawes plan state?
A
Reparations would be edited to a more sensible figure per year
The USA would loan money to Germany (800 million marks)
4
Q
What did the Young plan state?
A
The reparations would be dropped from $6.6 billion to $1.85 billion
Germany could pay the reparations back over a longer period of time
