Specific Failures & Tensions (1924-29)
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10 Terms
1923 Savings:
People who lost life savings in 1923 received almost no compensation.
Low Interest Rates:
Farmers struggled because they couldn't get loans to modernize.
1928 Dock Strike:
A major industrial dispute in the Ruhr that showed labor-owner tension.
Tax Increases:
Used by the government to pay for social welfare, angering the wealthy.
The "Z-Plan":
A secret plan to rebuild the navy (violating Versailles).
30%:
Unemployment among university graduates in some sectors by 1928.
Short-Term Loans:
Most US loans were "callable" at 90 days' notice.
Dependency:
Germany relied on the US for 50% of its foreign investment.
Nationalists (DNVP):
Refused to accept the 1919 borders even after Locarno.
Stahlhelm:
A right-wing veterans' group that hated the Republic's culture.