optimism

Cards (4)

  • working days lost due to strikes decreased from 27 (1921) to 12.35 in 1923, and then 6 in 1925.
  • the annual budget deficit as a percentage of GNP fell drastically from over 22% in 1923 to under 1% in 1924.
  • coal, steel, and industrial production all increased after 1923. there were also falling agricultural prices that were good for consumers
  • monthly revenue from foreign loans was greater than reparations payments (18k>11k), and there were lower levels of unemployment.