Summary 3 - The extent of economic recovery 1925-1929 Flashcards
Why were interest rates kept high by Schacht?
To keep foreign investment high
What did American loans do to the economy?
Helped stimulate the economy
How was industrial output affected in 1924?
It grew after 1924 but did not reach 1913 levels until 1929
How should the boom between 1924-29 be told?
It should not be exaggerated, yes it was a boom however growth rates were unsteady throughout these years and the economy shrank in 1928 and 1929
Which years out of 1925-1929 were good years?
years 1924, 25 and 27
Which years between 1925-1929 were bad years?
1928 and 1929 where the economy shrank
By 1929 what was investment in new machinery like?
It was falling
Give two industries in which advances were made during the years 1925-1929?
Chemical Industry
Car industry
Aeroplane industry
What was the inflation rate during the years 1925-1929?
The inflation rate was close to zero
How was the building of homes, schools, municipal works and roadworks funded?
It was funded by loans. Due to population growth Germany had an acute housing shortage
In which year were new welfare and relief schemes launched?
1924
How were workers strikes affected between 1924-1929?
There was a decline in the number of strikes in german industry partly due to a new system of compulsory arbitration
What regulations had the weimar republic set on workers?
Working day was limited to 8 hours
Trade unions were given the right to be part of working councils in factories and mines
In 1927 how were real wages affected?
They grew by 9%
In 1928 how were real wages affected?
They grew by 12%
