This man was considered by many to be Germany’s ‘saviour’ between 1923 & 29. Who was he?
The period 1924-29 in Germany is often referred to as ....?
The roaring 20s
The Gold Age
The Wilderness Years
What was one of Stesemann’s first actions that actually angered German Nationalists?
He increased taxes
He called off passive resistance
He negotiated a loan with the world bank
Why was calling off passive resistance important?
It signaled a willingness to work with the allies and made them willing to ‘help’ Germany with their economic difficulties
It immediately ended the problem of hyper-inflation
It won widespread cross party support
What was the name of the brilliant banker appointed by Stresemann?
Franz von Papen
Which of the following did Stresemann also do to help stabilize the economy?
Reduced Government expenditure by reducing civil servants by 700,000
Increased government expenditure by employing 700,000 new civil servants
Introduced a new currency called the rentenmark
Negotiated the Dawes plan to assist with reparations payments and the further recovery of the German economy
Which of the following are terms of the Dawes plan 1924?
Reparation payments to be set at a manageable 50 million per year for five years then increased.
The German State Bank to be reorganised
Reparation payments to be canceled
Germany to receive an international loan of 800 million gold marks, financed primarily by America.
Why did some criticize the Daws plan ?
It didn’t provide enough loans
The loans were short term and could be withdrawn immediately making the German economic situation fragile
It signaled a commitment of the German government to fulfilling the terms of the treaty of Versailles including the repayment of reparations
The decision to restart reparation payments was called....
The Dawes Plan
Which of the following were indicators that the German economy was recovering?
The wealth of farmers increased by 50%
The wealth of farmers decreased by 50%
Industrial production had doubled by 1929 from pre-war levels in 1913
Real wages had increased
Unemployment and fallen in to 1 million by 1927