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Weimar economic stuff 1918-1933 - Coggle Diagram
Weimar economic stuff 1918-1933
Issues post-war
Loss of the workforce
High levels of inflation
National debt rose to 144,000 million marks in 1919.
Loss of international trade
Tretay of versialles
Loss of industrial value land e.g. Alsace Lorraine
This led to the loss of raw materials
Had to pay £6.6 billion in reperations
Hyperinflation, 1923
The currency became worthless.
People lost their savings.
Germany missed a reparations payment. So, French and Belgian troops invaded the Ruhr in 1923. The government ordered passive resistance of workers. To pay the workers they printed more money which resulted in hyperinflation.
A loaf of bread cost 200,000 million marks in November 1923.
The great depression, 1929
Due to the Dawes plan the german economy was reliant on the US, so when they recalled the loans the economy crashed.
Unemployment rose to 6 million
Wall street crash October 1929.
Rise of poverty
The coalition government were weak and couldn't decide on how to recover the economy, so more people turned to extremist parties.
Stresemann's economic policies
Cut public spending
Negotiated the Dawes plan
US loans which increased investment
A new reperations payment plan.
Established a new currency and reichsbank in 1924.
Ending of passive resistance.
The 'golden years'
From 1926-1928, industrial production exceed pre-war rates.
Improvements in industrial relations and living standards.
Rise of affluence and consumerism
Advances in chemical, electrical, shipping and motor industries.