German Economy 1923-1930

A referendum aiming to denounce any ministers supporting the plan for the occupation of land and war guilt, and to introduce a law against the enslavement of the German people.

The referendum for the Freedom Law failed due to a low voter turnout, despite a strong majority in favor of the law.

The government's plan to deal with the war guilt and occupation of land was rejected by the Reichstag in a decisive vote.

The Weimar Republic introduced progressive taxation, aiming to reduce income inequality and generate revenue.

The Weimar Republic saw a surge in industrial output, with exports increasing significantly.

A policy of non-violent resistance used by German workers in the Ruhr region during the French occupation in the early 1920s. It involved refusing to work and demanding higher wages, which contributed to hyperinflation and economic instability.

A period of severe economic turmoil in Germany during the early 1920s, characterized by rapid and uncontrolled increases in prices and a decline in the value of the German currency.

A temporary currency introduced in Germany in 1923 to combat hyperinflation. It was linked to the value of land and industry, rather than gold, and had a limited number of denominations to control printing and inflation.

A broad coalition of political parties in Germany, formed in 1923 under Chancellor Gustav Stresemann to address the economic crisis and restore national unity.

German Chancellor from August to November 1923, known for his 100-day program to stabilize the economy. He ended passive resistance, introduced the Rentenmark, and implemented austerity measures.

A plan developed in 1924 to help Germany's economy recover from the devastation of World War I. It involved loans from the US, reduced reparations payments, and the removal of Allied control over German institutions.

The Dawes Plan aimed to stabilize Germany's currency and provide financial aid, resulting in a boost to German industry and production.

The Dawes Plan improved living and working conditions for ordinary Germans, as the economy revived.

The Dawes Plan increased Germany's involvement in international affairs as they began to rebuild their relationships with other countries.

A plan formulated in 1929 to further reduce Germany's reparation payments and end Allied control of German infrastructure. It was intended to solidify Germany's economic recovery.

The Young Plan considerably reduced the total amount of reparations Germany had to pay, lowering it by more than a third.

The Young Plan ended Allied control over German infrastructure, meaning Germany had full control over its institutions, including railroads and the central bank.

Nationalist groups objected to the Young Plan, viewing it as an acceptance of the Treaty of Versailles and a humiliation. They believed it was a betrayal of Germany's interests.