Knowledge Organiser: Economic development and policies

Question 1

What happened in April 1921?

Answer 1

Reparations payment set at £6.6 billion

Question 2

What happened in January 1923?

Answer 2

France and Belgium invade Ruhr

Question 3

What happened mid 1923?

Answer 3

Hyperinfaltion begins

Question 4

What happened in October 1929?

Answer 4

Wall Street Crash & Stressman dies

Question 5

What happened between 1933-1936?

Answer 5

First 4 year plan

Question 6

What happened between 1936-1939?

Answer 6

Second 4 year plan

Question 7

What happened in 1942?

Answer 7

Central Planning Board- in charge of distribution of raw materials, desicion making for factories and transport

Question 8

What hppened in 1948?

Answer 8

Marshall Plan

Question 9

What happened in March 1948?

Answer 9

Ludwig Erhard becomes Director of Economic Administration

Question 10

What hapened in April 1948?

Answer 10

FRG joins Organisation for European Economic Co-operation

Question 11

What happened in 1950?

Answer 11

FRG joins the European Payment Union

Question 12

What happened in 1951?

Answer 12

FRG joins the General Agreemeant on Tariffs and Trade

Question 13

What happened in 1952?

Answer 13

FRG joins the International Monetary Fund

Question 14

What happened in 1955?

Answer 14

FRG joins NATO

Question 15

What happened on 25th March 1957?

Answer 15

FRG signed Treaty of Rome

Question 16

What happened in 1966?

Answer 16

FRG experiences economic recession

Question 17

What happened in 1973?

Answer 17

Oil Crisis

Question 18

What happened in 1978?

Answer 18

Another oil crisis

Question 19

What is the Black Market?

Answer 19

illegal trading system

Question 20

What is social welfare?

Answer 20

support system for those affected by WW1

Question 21

Who was Gustav Stressman?

Answer 21

German chancellor in 1923
German Foreign Minister 1923-1929

Question 22

What werr the ‘Golden Years’?

Answer 22

period of economic prosperity 1924-29

Question 23

What is Rentenmark?

Answer 23

new currency intoduced by Stressman to get Germany out of econmoic crisis

Question 24

What is Reichsmark?

Answer 24

currency intoduced in 1934 when economy had stabalised

Question 25

What was the Dawes Plan?

Answer 25

- 1924 - Fixed repaymeny system for repaations

Question 26

Young Plan?

Answer 26

- 1929 - lowered reparation payments and set a fixed time for repayment

Question 27

What is Autarky?

Answer 27

ecomomic self-sufficiency

Question 28

Who was Hajamar Schacht?

Answer 28

- Weimar economist who was kept on by Nazi's - created the New Plan

Question 29

What was the New Plan?

Answer 29

- aimed to reduce imports, reduce unemployment, make trade agreements with other countries

Question 30

What was the 4 Year Plan?

Answer 30

- Goring - prepare Germany for War by rearming and achieving autarky

Question 31

What is invisible unemployment?

Answer 31

sections of society that were not included in enumployment statistics

Question 32

Who are DAF?

Answer 32

German Labour Front

Question 33

Who were RAD?

Answer 33

National Labour Service

Question 34

What was Strength Through Joy?

Answer 34

organisation that took care of people's leisure time

Question 35

What was Beauty of Labout?

Answer 35

organisation to imrpove working life

Question 36

what was the National Socialist People's Welfare Programme?

Answer 36

- 1933 - divided people into those who deserved help and people who didn't

Question 37

What happened in the Winter Aid Programme?

Answer 37

- 1933 - provided deserving poor with food/ clothing

Question 38

What is Volkswagen?

Answer 38

- the 'people's car' - KdF method of improving standard of living

Question 39

What was the Command Economy?

Answer 39

gvt controls what is made and how much is produced

Question 40

Who was Fritz Todt?

Answer 40

1940 he became Minister of Armaments of Social Welfare

Question 41

What was the Social Mrket Economy?

Answer 41

free market with elemets of social welfare

Question 42

What was Marshall Aid?

Answer 42

aid given in response to Marshall plan

Question 43

What is an Economic Miracle?

Answer 43

period of dramatic economic developments that are unextepcted or strong