Key Idea 5-Economics- Currencies and Bizonia

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  • Created by: Heather
  • Created on: 28-02-15 10:59
What is Bizonia and when did it occur?
Bizonia is the joining of the British zone and American zone in Germany in 1947,
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What are the economic policies in the Western zone?
Free market, capitalism, private property
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What are the economic policies in the Soviet zone?
Government taking over big busineses, nationalisation, state ownership,
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What aid was introduced by the USA and when?
Marshall Aid in 1947,
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What were the conditions for use of this aid?
For the country to promise to allow a free market and be democratic,
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Did the Soviets accept this offer?
No
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What did this lead to?
A great deal of internal migration within Germany from the Soviet Union to the West,
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How did the West try and reduce this migration in the Postdam conference?
They agreed that heavy industry in Western zones would be dismantled and sent to the East and the Soviet zone would return agricultural produce,
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However, the West introduced a new currency. What was this currency and when was it?
The Deutschmark (DM) in June 1948
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Did the Soviets accept this and what did they do instead?
They rejected this and instead introduced the East German Mark or the Ostmark instead,
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Other cards in this set

Card 2

Front

What are the economic policies in the Western zone?

Back

Free market, capitalism, private property

Card 3

Front

What are the economic policies in the Soviet zone?

Back

Preview of the front of card 3

Card 4

Front

What aid was introduced by the USA and when?

Back

Preview of the front of card 4

Card 5

Front

What were the conditions for use of this aid?

Back

Preview of the front of card 5
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