Stresemann's 'economic miracle'

  • Created by: sirius3
  • Created on: 16-08-18 19:37
How did Stresemann build up to the Dawes Plan 1924?
He ended passive resistance which exacerbated anti-French feeling following Ruhr occupation
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What was agreed in the Dawes Plan?
US loaned Germany 800 million marks and promised 'payment holiday' if she fell behind with her reparation payments. Reduced burden of reparations to less than 3% of GDP.
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What did the Dawes Plan attract?
A further US investment of 25.5 billion marks
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What happened to industrial production 1924-8 due to Dawes Plan?
Doubled
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What were the disadvantages of govt. attempts to make businesses more profitable?
The introduction of assembly lines and machinery caused a rise in unemployment; caramelisation caused inefficiency
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Give an example of industrialist resentment of arbitration boards
1928 Ruhr lockout - refused to accept ruling of state arbitrators and locked out 250,000 workers.
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Why did Germany recover its 1913 trade level by 1925?
Locarno Pact and joined the League
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What devastated agriculture?
World-wide production led to fall in prices. Smallholders reluctant to switch from rye to dairy. Ripe for Nazi propaganda.
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Why were people still bitter after govt. compensation post-hyperinflation?
Done at 15% of original amount and by lottery.
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What percentage of those in poverty were receiving welfare?
10%
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What happened to the unemployment benefit in 1927?
Extended beyond those temporarily out of work due to illness
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What was the overall impact of the Treaty of Versailles on the economy 1924-9?
Minimal. Germany received more in loans than it paid in reparations.
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Why was the government so reliant on foreign loans?
The majority of the population was too poor to pay more than the lowest rate of tax
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Other cards in this set

Card 2

Front

What was agreed in the Dawes Plan?

Back

US loaned Germany 800 million marks and promised 'payment holiday' if she fell behind with her reparation payments. Reduced burden of reparations to less than 3% of GDP.

Card 3

Front

What did the Dawes Plan attract?

Back

Preview of the front of card 3

Card 4

Front

What happened to industrial production 1924-8 due to Dawes Plan?

Back

Preview of the front of card 4

Card 5

Front

What were the disadvantages of govt. attempts to make businesses more profitable?

Back

Preview of the front of card 5
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