Extent of Recovery (advantages and disadvantages)
- Created by: Vader26
- Created on: 11-03-22 09:45
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- To what extent had Germany recovered from Hyperinflation by 1929?
- Political
- New government set up to combat Hyperinflation
- Called off passive resistance
- France left the Ruhr and Hyperinflation stopped
- Decrease in support for extremist parties
- Gustav Stresemann served briefly as Chancellor in 1923 and was a well-trusted leader
- Stresemann was awarded the Nobel Peace Prize in 1926
- What if Stresemann died? (Which he did in 1929)
- Republic still faced a lot of aggression
- New government set up to combat Hyperinflation
- Economic
- Dawes Plan
- Rentenmark
- Young Plan
- US loans allowed the building of new public facilities
- In 1926, 9 million unemployed; in 1928 fell to 6 million
- Wages increased for workers while hours stayed the same
- Fewer strikes between 1924 and 1929
- Reliance on USA loans and complicated system of payements
- Farmers (particularly after 1927) were affected by a worldwide depression in agriculture and lack of profit discouraged investing in new machinery
- Lower-middle class did not see much of a rise and didn't fully recover from bankrupcy
- Unemployment remained high in the professions (lawyers, civil servants, teachers)
- Social
- Wages increased for workers while hours stayed the same
- Many in the working class couldn't claim the benefits on offer
- Housing was improved, with government investment, tax breaks,land grants and low-interest loans
- Between 1924 and 1931 over 2 million homes were built and almost 200,000 were renovated or expanded
- By 1928 homelessness had been reduced by over 60%
- Between 1924 and 1931 over 2 million homes were built and almost 200,000 were renovated or expanded
- Unemployment Insurance Act 1927 meant that all had to contribute to help the unemployed, veterans, war widows, single mothers and the disabled
- Economic
- Dawes Plan
- Rentenmark
- Young Plan
- US loans allowed the building of new public facilities
- In 1926, 9 million unemployed; in 1928 fell to 6 million
- Fewer strikes between 1924 and 1929
- Reliance on USA loans and complicated system of payements
- Farmers (particularly after 1927) were affected by a worldwide depression in agriculture and lack of profit discouraged investing in new machinery
- Lower-middle class did not see much of a rise and didn't fully recover from bankrupcy
- Unemployment remained high in the professions (lawyers, civil servants, teachers)
- Economic
- Position of women improved
- Cultural improvement
- International Relations
- Locarno Treaties
- Germany joined the League of Nations in 1926
- Kellogg-Briand Pact
- Political
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