Post-war economic problems (reparations, hyperinflation, foreign loans) (OCR A-Level History A): Flashcards
📚Flashcards
Practise the cards
10 cards from this deck
ShowHide
Practise the cards
10 cards from this deck
Gov. spending per resident in Germany, 1913
Gov. spending per resident in Germany, 1913
20.5 marks
Definition of hyperinflation
Definition of hyperinflation
Accelerated inflation that devalues money; prices increase
Gov. income tax revenue: 1913 vs 1925
Gov. income tax revenue: 1913 vs 1925
1913: over 53%; 1925: 28%
Banknote printing presses in mid-1923
Banknote printing presses in mid-1923
1,800
Direct impact of hyperinflation on reparations
Direct impact of hyperinflation on reparations
German gov. unable to pay reparations
Leader of the Dawes Plan (1924)
Leader of the Dawes Plan (1924)
Charles Dawes
Germany's loan from USA (Dawes Plan)
Germany's loan from USA (Dawes Plan)
800 million marks
Dawes Plan annual reparations (first 5 yrs, then after)
Dawes Plan annual reparations (first 5 yrs, then after)
1 billion marks for 5 yrs; then 2.5 billion marks
Leader of the Young Plan (1929)
Leader of the Young Plan (1929)
Owen Young
Young Plan payment duration
Young Plan payment duration
59 years