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5 Cards in this Set
- Front
- Back
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How was hyperinflation dealt with? |
transfer wealth lottery set up to compensate those who lost money debts reassessed at 15% original value |
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How did hyperinflation affect Mittelstrand? |
shrunk status gaps between them and proletariat resentment with those who didn't win lottery creditors didn't gain their money back and debtors paid money back |
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The Young Plan |
1929 Feb 1926 committee chaired by American Owen Young set up to discuss reparations ended up with a 90% reduction of $713 million over 59 years, signed June 1929 allied control of railways and banking system dropped |
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Reaction from Right |
DNVP leader launched campaign against Young Plan which would require government to respite war guilt clause, evacuate occupied areas and anyone involved in signing of ToV tried for treason gained 4 million signatures but was rejected although 13.8% of electorates voted for ti |
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What did Stresemann do? |
ended passive resistance in Ruhr, introduced Rentenmark, cut spending and salaries and raised taxes, 300,000 civil servants lost jobs 1923, 233 companies bankrupt but 1924, 6000+ bankrupt Dawes Plan in 1925 |
