Reasons for recovery, 1923-29 (Edexcel GCSE History): Flashcards
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Germany's 'Golden Years' period
Germany's 'Golden Years' period
1924-1929
Key figure in Germany's recovery 1923-29
Key figure in Germany's recovery 1923-29
Gustav Stresemann
Stresemann's 3 main policy areas
Stresemann's 3 main policy areas
Stabilise currency, secure loans, negotiate reparations
New currency introduced Nov 1923
New currency introduced Nov 1923
Rentenmark
Assets backing Rentenmark
Assets backing Rentenmark
German industrial plants & agricultural land
Rentenmark renamed to (Aug 1924)
Rentenmark renamed to (Aug 1924)
Reichsmark
American banker behind 1924 reparations plan
American banker behind 1924 reparations plan
Charles Dawes
Year of Dawes Plan
Year of Dawes Plan
1924
Dawes Plan reduced annual reparations to
Dawes Plan reduced annual reparations to
£50 million
Year of Young Plan
Year of Young Plan
August 1929
Young Plan reduced total debt from £6.6bn to
Young Plan reduced total debt from £6.6bn to
£2 billion
Young Plan extended payments until
Young Plan extended payments until
1988
German industrial output achievement by 1928
German industrial output achievement by 1928
Doubled (surpassed pre-WWI levels)
Main weakness of German recovery 1924-29
Main weakness of German recovery 1924-29
Dependence on American loans