Democracy and nazism chapter 3

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  • Created by: Hanna Mc
  • Created on: 14-02-17 12:02
How did Britain finance the war?
Higher taxes and government borrowing
1 of 20
How did Germany finance the war?
Increased borrowing and by printing more money
2 of 20
Why did Gr think printing money to finance war would work out well?
Because they expected to win the war and so would be able to recoup its losses by taking allies territory and imposing heacy reparations.
3 of 20
What was a consequence of Grs method of gaining money for war?
It resulted in growing debt and fall in the value of currency - hyperinflation crisis
4 of 20
In 1919 the new government was faced with a debt of ....
1.44 billion marks
5 of 20
In situations of high national debt what was the common two options for a government and why were these risky?
Raise taxes or reduce spending, rise in taxes = alienating support, . Reduce spending= civil servants had to be paid, needed welfare benefits for support.
6 of 20
What was unemployment like in 1921?
it had virtually disapeared
7 of 20
Prices had _______between 1918 and 1919
Doubled
8 of 20
Prices had ________again between 1919 and 1920
Quadrupled
9 of 20
The 1920 Coalition was led by Konstantin __________?
Fehrenbach
10 of 20
The 1920 coalition was dominated by the _______ party?
Centre
11 of 20
The 1920 coalition left inflation to go unchecked. Why? Name 2 reasons.
Because they were supported by industrialists who were benefiting from it and inflation was decreasing the value of the debts the government yhad to pay back.
12 of 20
The Reparations commissions concluded Germany should pay ___ billion gold marks or £_._ in annual instalments.
132 billion gold marks, £6.6 billion
13 of 20
How long did Gr have to accept the reparations commissions choice?
6 days.
14 of 20
Which cabinet resigned in protest of the reparations?
Fehrencach cabinet
15 of 20
Who replaced the cabinet which resigned in 1621 in response to the reaparations?
One led by Chancellor Joseph Wirth
16 of 20
Wirth acceoted the reparations immediently hoping it would lead to what and therefore what?
sympathy and therefore reduced effects.
17 of 20
In janruary 1922 germany were in economic difficulty and they were granted a ________ of _______ and ________ instalments.
Postponement of Jan and Feb instalments.
18 of 20
In July Gr asked for a suspendment and in November 22 asked for a ___ million gold marks loan
500
19 of 20
In Nov 22 they also asked to be released from obligations for _/_ years to stabilize currency. The french were very suspicious of this.
3/4
20 of 20

Other cards in this set

Card 2

Front

How did Germany finance the war?

Back

Increased borrowing and by printing more money

Card 3

Front

Why did Gr think printing money to finance war would work out well?

Back

Preview of the front of card 3

Card 4

Front

What was a consequence of Grs method of gaining money for war?

Back

Preview of the front of card 4

Card 5

Front

In 1919 the new government was faced with a debt of ....

Back

Preview of the front of card 5
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