Economy, Weimar

  • Created by: q
  • Created on: 10-05-19 11:33
Dawes Plan
Proposed reducing reparation payments. Given a loan of 800 million marks. French forces would stop occupation once agreed.
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Reactions to the Dawes Plan
Right-wing were critical because opposed to notion of reparations.
2 of 6
Rentenmark
In 1923, the Rentenmark was introduced. It was based on Germany's agricultural property and industrial resources. It was successful for Luther and Schacht, although dearer money caused higher employment.
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Economic Weaknesses
Imports exceeded exports. Unemployment never fell below 1.3 million and had reached nearly 3 million in 1929.
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Farmers
By late 1920s, per capita income for farmers was 44% less than the national average. Hyperinflation relieved their debts, but faced heavy taxes on landed property after 1923. Soon back in debt.
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Social Progress
Generous pensions & sickness benefits. '27 unemployment insurance covered 17 million workers. By 1929, state spending x33 more on housing than in 1913. State provided public spaces.
6 of 6

Other cards in this set

Card 2

Front

Reactions to the Dawes Plan

Back

Right-wing were critical because opposed to notion of reparations.

Card 3

Front

Rentenmark

Back

Preview of the front of card 3

Card 4

Front

Economic Weaknesses

Back

Preview of the front of card 4

Card 5

Front

Farmers

Back

Preview of the front of card 5
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