Germany- Economic development and policies, 1918-1989

April 1921
Reparation payments set at £6.6 billion
1 of 44
January 1923
France and Belgium invade the Ruhr
2 of 44
Mid 1923
Hyperinflation begins; all Germany money becomes worthless
3 of 44
October 1929
Wall Street Crash in America and Gustav Stresemann dies
4 of 44
The first Four Year Plan (Only lasted three years)
5 of 44
The second Four Year Plan (cut short due to war)
6 of 44
Central Planing Board set up which was in charge of the distribution of raw materials, decision making in regard to factories and transport.
7 of 44
The Marshal Plan- An American initiative to give aid to Western Europe to improve their economies after the war
8 of 44
March 1948
Ludwig Erhard becomes the Director of Economic Administration
9 of 44
April 1948
FRG joins the Organisation for European Economic Co-operation (OEEC)
10 of 44
FRG joins the European Payment Union
11 of 44
FRG joins the General Agreement on Tariffs and Trade
12 of 44
FRG joins International Monetary Fund
13 of 44
FRG joins NATO
14 of 44
25th March 1957
FRG signed the Treaty of Rome (established by the EEC)
15 of 44
FRG experiences economic recession
16 of 44
Oil crisis
17 of 44
Another Oil crisis
18 of 44
Black Market
an illegal trading system
19 of 44
Social Welfare
support system for those affected by WW1 e.g women who had lost their husbands/ disabled soldiers
20 of 44
Gustav Stresemann
German chancellor in 1923. German Foreign minister 1923-29
21 of 44
'The Golden Years'
A period of economic prosperity between the years 1924-1929
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New currency introduced by Stresemann to get Germany out of economic crisis in 1923
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New currency introduced in August 1934 once the economy had stabilised
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Dawes Plan (1924)
Fixed payment system for reparations. Also proposed reorganisation of the German bank and more foreign loan
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Young Plan (1927)
Lowered reparation payments and set fixed time for repayment
26 of 44
Economic self-sufficiency
27 of 44
Hajamar Schacht
A Weimar economist who was kept on by the Nazis. President of the Reichsbank and creator of the New Plan
28 of 44
New Plan(Schacht)
Aimed to reduce imports, reduce unemployment , channel government spending into a wide range of industries and make trade agreements with other nations
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4 Year Plan (Goring)
Aimed to prepare Germany for war by rearming and achieving Autarky
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Invisible Unemployment
Sections of society who were not included in unemployment figures e.g Jews, Gypsies and women
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Germany Labour Front
32 of 44
National Labour Service- took part in Public Work Schemes such as building autobahns
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Strength Through Joy (KdF)
An organisation which look care of peoples leisure time
34 of 44
Beauty of Labour
An organisation tasked with improving working life e.g. factory time
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National Socialist People's Welfare Programme (1933)
Divided people into those who 'deserved' help and those who didn't
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Winter Aid programme(1933)
Provided deserving poor with food/clothing etc.
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'the peoples car'. A KdF method of improving the standard of living
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Common Economy
The government controls what is made and how much is produced
39 of 44
Fritz Todt
26th Feb 1940 became Minister of Armaments and Munitions
40 of 44
Social Market Economy
A free market with elements of social wefare
41 of 44
Marshal Aid
Aid given in response to the Marshall Plan
42 of 44
Economic Miricle
refers to a period of dramatic economic development that is entirely unexpected or unexpectedly strong
43 of 44
Organisation of Petroleum Exporting Countries
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Other cards in this set

Card 2


France and Belgium invade the Ruhr


January 1923

Card 3


Hyperinflation begins; all Germany money becomes worthless


Preview of the back of card 3

Card 4


Wall Street Crash in America and Gustav Stresemann dies


Preview of the back of card 4

Card 5


The first Four Year Plan (Only lasted three years)


Preview of the back of card 5
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