Hyperinflation

• What plan reduced reparation payments in 1924?

  Dawes Plan
• How much money did America lend Germany?

  $3,000 million
• What was the name of the new German currency introduced in 1923?

  Rentenmark
• What was the purpose of the new currency introduced in 1923?

  To restore faith in German currency
• What plan extended the amount of time Germany had to pay their reparations?

  Young Plan
• Why did people dislike the Young Plan?

  The next generation would still be paying
• What did Germany build with their loans?

  New stadiums, apartment blocks, and opera houses
• How did life improve for German workers in the 1920s?

  Wages increased and working day kept at 8 hours
• Which groups of people did not benefit from recovery in the 1920s?

  Farmers and middle classes
• Why had farmers and middle classes not benefited from the recovery?

  Government favoured big businesses