Weimar response to economic challenges 1918-23 / Impact of WW1

Why was there inflation after WW1?

GER spent all gold reserves funding war so had to print money creating inflation

How many printing firms were there post-WW1?

150

2,000 printing presses

Printed 24/7

There was 150 printing firms with how many printing presses post-WW1?

2,000

Printed 24/7

War stopped

trade in europe

What stopped trade in europe?

WW1

The end of WW1 meant the end of

war goods production

Did WW1 ending effect GER economy?

Yes

No more production of war goods

How was farm production impacted by WW1?

Down 20%

What was down 20% due to WW1?

Farm production

How much was industrial output down by during WW1?

50%

What did soldiers leaving the army cause?

Unemployment to rise

How did TOV slow GER economy?

Loss of agricultural and industrial land

Positive Weimar response to impact of WW1 on economy

1920: Reich Pension Law -

Linked pensions to soldier's jobs before they signed up

1922 Labour exchange Law -

Set up retraining schemes for those who fought in the war

Negative Weimar response to impact of WW1 on economy (2)

Printing more money to fund war caused inflation

Should've been more cooperative with TOV

Evaluation of Weimar response to WW1 impact on economy

Some positive moves

Could've done more to foster positive relationship with powers for better trade BUT

hatred of TOV put them in a difficult situation