Germany Topic 2 Quiz 1

When did Stresemann become Chancellor (Month and Year)? 

August 1923

What problem did Stresemann tackle first? 

Hyperinflation

How long did Stresemann hold the position of Chancellor?

 4 months

What month did Stresemann introduce the new currency? 

November

Name the temporary currency introduced in 1923.

The Rentenmark

What was the value of the Rentenmark based upon? 

Germany’s industrial and agricultural worth

Name the new bank set up in 1924.  

The Reichsbank

What was the name of the new permanent currency from 1924? 

The Reichsmark

Which issue in the Treaty of Versailles did Stresemann try to solve? 

Reparations

Which country loaned money to Germany? 

The USA

Name the Plan which Stresemann negotiated with the USA in 1924. 

The Dawes Plan

How much money was loaned to Germany? 

800 million gold marks

How were the reparations restructured? 

1,000million  only to be paid for the first 5 years ( to increase to 2500m)

Which area did the French withdraw from? 

The Ruhr

By how much did Germany’s industrial output increase? 

It doubled

Name two areas showed economic confidence.

• wages rose

• building programmes

• unemployment benefit could be paid

Which industry did not benefit? 

farming

Name the plan made in 1929 to restructure reparations payments.

The Young Plan

How much was the reparations bill reduced to? 

$1.8 billion

How many years did they have to pay reparations? 

59 years