How much debt was the Weimar Republic in , in 1919?
1.44 billion marks
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Why was inflation allowed to rise so high? in 1920 it was 14 times that it was in 1913.
The 1920 coalition led by Fehrenbach, was supported by industrialists who were benefiting from inflation. By taking short-term loans and re-paying them when they were worth nothing. Inflation had helped the government's debt.
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what did historian John Maynard Keynes say?
He calculated that £2 billion was a "safe maximum figure of Germany's capacity to pay"
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What did Peukert [1991] say?
that the final figure for reparations was actually quite manageable, since it only amounted to 2% of its gross national product.
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When did the French enter the Ruhr, and why?
In January 1923, 60,000 were sent to occupy the Ruhr to force Germany to comply with TOV. Forces later grew to 100,000.
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Who ordered 'passive resistance' and stopped paying reparations?
Chancellor Wilhelm Cuno.
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How many people died and suffered from 'passive resistance'
Overall, 132 Germans were shot in the eight months of occupation, and 150,000 expelled from the area.
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What was the number of American $ to one German mark on the 15th November 1923?
4,200,000,000,000.0
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How much was the price of bread on the 19th November 1923?
A kilo loaf cost 233 billion marks.
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When was the National Youth Welfare Act published, and what did it do?
1922, it set up youth offices with responsibility for youth protection and declared that all children had the right to an education.
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who were the winners of the hyperinflation of 1923?
-Those who had debts, mortgages and loans
-Those leasing property on long-term fixed rents.
-Most farmers coped as food was in demand.
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who were the losers of the hyperinflation of 1923?
Pensioners, landlords, mittlestand, the sick, children, widows and the elderly
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Other cards in this set
Card 2
Front
The 1920 coalition led by Fehrenbach, was supported by industrialists who were benefiting from inflation. By taking short-term loans and re-paying them when they were worth nothing. Inflation had helped the government's debt.
Back
Why was inflation allowed to rise so high? in 1920 it was 14 times that it was in 1913.
Card 3
Front
He calculated that £2 billion was a "safe maximum figure of Germany's capacity to pay"
Back
Card 4
Front
that the final figure for reparations was actually quite manageable, since it only amounted to 2% of its gross national product.
Back
Card 5
Front
In January 1923, 60,000 were sent to occupy the Ruhr to force Germany to comply with TOV. Forces later grew to 100,000.
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