How the 'Grand Coalition' government stabilised the economy.

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7 Terms

1
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What was Stresemann’s temporary currency called?

The Rentenmark

2
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How did he use the Rentenmark to combat hyperinflation?

Printed it in very limited numbers

  • Stresemann based its value on Germany’s industrial and agricultural growth


3
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How did he make sure Germans had confidence in the Rentenmark?

By promising to exchange the notes for shares in land or industry if the currency failed

4
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Who was given control of the Rentenmark in 1924?

The Reichsbank

5
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In which year was the Reichsmark issued?

1924

6
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What was the Reichsmark?

A new permanent currency that people in Germany and other countries could now trust.

7
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What did the Reichsmark help to do?

  • Restore faith in Germany’s financial system

    • Both in Germany and with international traders

  • Allowed its economy to grow stronger