Weimar Germany Economy Flashcards

(15 cards)

1
Q

Weimar Germany’s 3 aims for the economy

A

-Dealing with impacts of the war
-Golden Years
-Recovery from depression

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2
Q

Weimar government welfare measures post war.

A

-Social security as a constitutional right.
- Benefits to war veterans

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3
Q

Evidence of improved workers’ lives post war in WG

A
  • wages rose every year up until 1929
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4
Q

Evidence of economic weakness post- war in WG

A

Relied on loans for welfare measures due to unpopularity of taxes.
Solution of printing money- led to hyperinflation in 1923.

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5
Q

Challenges to the economy post- war in WG

A

Treaty of Versailles reparations.
Returning soldiers needing jobs, damaged infrastructure.

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6
Q

Evidence of integration with the West during the Golden Years

A

Joining the League of Nations in 1926.
Dawes Plan and Young plan- gave Germany US loans to pay back reparations, and reparations reduced from £6.6bn to £2bn.

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7
Q

Stressemann’s ways of aiding recovery from hyperinflation

A

Rentenmark end of 1923.

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8
Q

Evidence of economic success in the Golden Years

A

Exports rose by 40%.
Wage increases every year.

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9
Q

Economic weakness in the golden years: domestically

A

Farming in recession.
Unemployment rising pre- WSC.

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10
Q

Economic weakness in the golden years: Foreign

A

Too much reliance on America? More susceptible to damage after WSC.

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11
Q

Weak economic policies post WSC

A

Bruning’s deflationary policies.

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12
Q

Impact of WSC on banks

A

5 major banks collapse.

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13
Q

Impact of WSC on business

A

50,000 businesses collapse.

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14
Q

Impact of WSC on workers

A

Unemployment rose (4 million by 1931)

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15
Q

Evidence of Bruning dealing with WSC well

A

Public work schemes introduced.

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