Chapter 5 weimer germany
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In August 1923 which government collapsed and was replaced my Gustav Stresemann?
Cuno
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What was stresemanns coalition often known as? and what did it include?
The great coalition, including both left and right parties
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What party did stresemann belong to?
DVP
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How long was stresamann chancellor for?
Three days
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How did stresemann stop Ruhr occupation and how did this help economy?
He ended passive resistance against the occupation which increased industry and got rid of the french
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What was the new currency and how did it compare with the old currency?
Rentenmark, 1 trillion reichmarck = 1 rentenmark
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Who is also often cretited with ending hyperinflation through the new currency?
Schacht
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How did stresemann 'balance the budget'?
He cut spending and raised taxes.
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During BTB how many civil servants lost their jobs?
300000
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During BTB how many companies went bankrupt in 1924?
6000
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When did stresemann ask the allies reperations comittee to set up a comittee of financial experts to adress Germanys repayment concerns?
November 1923
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Why did the USA have a vested interest in getting Germany's repayment concerns adressed?
Any payment Gr made to france was passed on to the USA to repay loans.
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Whaen was the Dawes plan finalised?
April 1924
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What did the dawes plan recommend?
The amout paid to germany would be reduced until 1929, then Gr should pay 1000 million marks which will be raised over 5 years to 2500 million, after this it is dependant on how well industry is + a loan of 800 million marks from the USA
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Stresemann himself didnt actually believe in the plan calling it what?
'no more than an economic armistice'
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Which 2 parties led 'national opposition' against the Dawes plan?
DNVP and Nazi's
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Why was there opposition to the Dawes plan?
They didnt want compromise but wanted the country to openly go against the harsh TOV
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Name 2 advantages of the Dawes plan?
1) allies accepted that Germanys economic problems were real encoutaging France to leave the Ruhr. 2) It provided loans to kick start Germanys economy
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What did Schacht do at the Reichsbank?
Kept interest rates high to attract foreign investments.
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In What year did Industrial output reach 1913 levels?
1929
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German industry underwent extensive 'rationslisation' as new _________ and ______ _______ were introduced?
Management and production techniques.
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What was a cartel?
A group of companies in the same industries which combines together to fix prices and protect profits. Cartels reduced competition but allowed more of the profits to be reinvested.
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By 1925 *** many cartel arrangements were there in Germany?
3000
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After 1925 Germany was allowed, under the terms of the tov to protect its industries by introducing what on imported foreign goods?
Tarriffs
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Strikes decreased from around 1970 in 1924 to around how many in 1929
430
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The state began to make affortable homes, in 1926 around how many dwellings were built?
206,000
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What was compulsory arbitration? And why was is used in Germany?
When industrial disputes were settled, each side agreed to allow an independent figure known as the arbitrator to decide on a solution. It was now compulsory by law to be used.
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Why did employers dislike compulsory arbitration?
Because they felt it was biased in favour to unions and resented state interference in their affairs.
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What did the term 'lock out' mean?
An action by an employer to stop workers doing their jobs until they agree to the workers terms and conditions/
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In 1928 wages increased by __% from the previous year?
12%
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What did Stresemann warn just before his death?
'the economic position is only flourishing on the surface. Germany is dancing on a volcano' If the short term loans are called in, a large section of our economy would collapse'
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By march 1926 what did unemployment reach?
3 million
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The mining companies reduced their forces by how much between 1922 -25?
136000
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Why did the mittlestand and white collar workers not benefit from the so called 'golden age'?
They were bankrupt form hyperinflation and they did not experience the wage rises that the industrial workers felt.
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Why were farmers unable to make a profit from their land in this period?
Because the agricultural depression kept food prices low and few farmers were able to make a profit on their land.
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After 1923 the government made it easier to borrow money but how did this have a negative impact on farmers?
They became saddled with debt at a time when prices were falling and they could not keep up the repayments.
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How did the government of 1923 try and help farmers and was this effective?
They increased tariffs on imported goods and gave subsidies farmers, but this didn't go far enough.
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In 1928 farmers initiated a series of small-scale rots what were these known as what and what were they against?
'Farmers revenge' against foreclosures and low market prices
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By 1929 German agricultural production was at less than _/_ of its pre-war levels.
3/4
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Stresemann in 1929 met with which American businessman at Paris to discuss the issue of German economy and decide on a more permanent economic plan than the Dawes plan?
Owen young
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The young plan obliged Germany to continue paying reparations until when?
1988
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The young plan also decreased Germanys total reprations from £6.5 billion to what but what was to increase?
£1.8 billion but the annual payments were to increase
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All forign control was ended and Germany had sole responsibility over reparations. in return what did GB and Fr agree to do?
Withdraw all troops from the rhineland by June 1930
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There was many revolts against the young plan. One of which was the leader of right wing DNVP. What was his name?
Alfred Hugenberg
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What did Hugenberg do against the young plan?
Launched a nationwide campaign, which involved other consetvative groups. He drew up a draft of law - the so called 'freedom law' which they demanded should be sent to a national referendum.
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What was the so called 'freedom law'
Demanded the government to repudiate the war guilt clause of the tov, to demand evacuation of occupied areas and declared any minister who signed the tov should be tried for treason
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How many people did the petition for the freedom law attract?
4135000 signatures
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In the reichstag debate the law was defeated and rejected in the referendum but on the oter hand __._% of the electorate voted for the law, idicating the support to the right
13.8%
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Other cards in this set
Card 2
Front
What was stresemanns coalition often known as? and what did it include?
Back
The great coalition, including both left and right parties
Card 3
Front
What party did stresemann belong to?
Back
Card 4
Front
How long was stresamann chancellor for?
Back
Card 5
Front
How did stresemann stop Ruhr occupation and how did this help economy?
Back
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