Economic developments, 1924-29 (AQA GCSE History): Flashcards
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Time period known as the Stresemann era
Time period known as the Stresemann era
1924-1929
Stresemann's roles after Aug 1923
Stresemann's roles after Aug 1923
Chancellor (Aug-Nov 1923), then Foreign Minister until 1929
Date Rentenmark was introduced
Date Rentenmark was introduced
November 1923
Two key features of the Rentenmark
Two key features of the Rentenmark
Strictly controlled supply & tied to gold price
Date Reichsmark replaced Rentenmark
Date Reichsmark replaced Rentenmark
August 1924
Designer of the Dawes Plan
Designer of the Dawes Plan
Charles Dawes (American banker)
Annual reparations under Dawes Plan 1924
Annual reparations under Dawes Plan 1924
£50 million
Financial support in Dawes Plan
Financial support in Dawes Plan
American banks provided loans to German industry
Leader of committee for Young Plan
Leader of committee for Young Plan
Owen Young (American banker)
Total reparations reduction in Young Plan
Total reparations reduction in Young Plan
From £6.6 billion to £2 billion
Young Plan payment deadline year
Young Plan payment deadline year
1988
German industrial output by 1928
German industrial output by 1928
Doubled & surpassed pre-war levels
Main weakness of German economy 1924-29
Main weakness of German economy 1924-29
Heavy dependence on American loans & investment