Please enable JavaScript.
Coggle requires JavaScript to display documents.
Weimar recovery 1923-29 (Reparations (The reparations payments were…
Weimar recovery 1923-29
Reparations
-
-
Over $3,000 million was loaned to Germany in the period 1924-1929
By 1929, the payment would be 2.5 billion marks
In 1924, the first loan was 800 million marks
The annual reparations sum was reduced by a further 20%, to 2.05 billion marks per year (Young)
-
-
Invasion
-
-
-
-
Dawes Plan also included a promise from France that it would withdraw its soldiers from the Ruhr region by 1925
Currency
-
In 1924, it was replaced by the Reichsmark
-
-
In Nov 1923, new temporary currency called Rentenmark was created
Locarno treaty (1925)
-
-
It involved the allies like Italy, France and Britain to keep the existing boarders between them
-
-
-
They did not recover
Economic
By 1929, agricultural production was still 26% lower than it had been in 1914
Most of the American loans were short-term loans. This meant that the money was given to Germany for a limited time only
By 1929, agricultural production was still 26% lower than it had been in 1914
-
After 1923, farmers suffered massive fall in the price of food
-
-
-
They did recover
Economic
-
-
-
German industrial production increased by 45% between 1924 and 1928. This meant that there were more jobs available and more money was being made in Germany
The economy did develop and expand after 1925. New factories, houses and railways were build
-
Political
-
-
-
The Nazis had 62% fewer ‘deputies’ in 1928, compared to 1924
President Hindenburg was a WW1 general and helped to improve the image and popularity of the Weimar Republic