Great Depression in Germany/Timelines: Difference between revisions
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imported>Nick Gardner No edit summary |
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1922 | 1922 | ||
: Wilhelm Cuno becomes Chancellor. | |||
: Economic and Monetary Conference recommends return to the gold standard [http://www.cepr.org/meets/wkcn/1/1671/papers/The_Genoa_Conference_finale.pdf]. | : Economic and Monetary Conference recommends return to the gold standard [http://www.cepr.org/meets/wkcn/1/1671/papers/The_Genoa_Conference_finale.pdf]. | ||
: Germany defaults on War Reparations | : Germany defaults on War Reparations | ||
1923 | 1923 | ||
: Hjalmar Schacht becomes President of the Reichsbank. | |||
: France and Belgium invade the Ruhr because of German default on war reparations; Germany declares general strike [http://www.bbc.co.uk/scotland/education/bitesize/standard/other/sos/history/people_and_power/answerpower_52.shtml]. | : France and Belgium invade the Ruhr because of German default on war reparations; Germany declares general strike [http://www.bbc.co.uk/scotland/education/bitesize/standard/other/sos/history/people_and_power/answerpower_52.shtml]. | ||
: Hyperinflation [http://www.usagold.com/germannightmare.html] | : Hyperinflation [http://www.usagold.com/germannightmare.html] | ||
| Line 18: | Line 20: | ||
1925 | 1925 | ||
: Hindenberg elected President | |||
1926 | 1926 | ||
1927 | 1927 | ||
: Stock market crash[http://www.time.com/time/magazine/article/0,9171,730566,00.html?promoid=googlep]. Outflow of short-term capital. Discount rate increase. | : Black Friday. Stock market crash[http://www.time.com/time/magazine/article/0,9171,730566,00.html?promoid=googlep]. Outflow of short-term capital. Discount rate increase. | ||
1928 | 1928 | ||
| Line 29: | Line 31: | ||
1930 | 1930 | ||
: Coalition government formed. Heinrich Brünig becomes Chancellor. | |||
: 2nd reparations conference at The Hague. | : 2nd reparations conference at The Hague. | ||
::Young Plan (further rescheduling reparations payments but giving priority to the repayment of debts to the United States) agreed [http://www.bartleby.com/65/yo/YoungPla.html]. | ::Young Plan (further rescheduling reparations payments but giving priority to the repayment of debts to the United States) agreed [http://www.bartleby.com/65/yo/YoungPla.html]. | ||
| Line 35: | Line 38: | ||
: President Herbert Hoover announces a one year moratorium on reparations and war debts-and the provision of a $ 150 million credit to the Reichsbank [http://www.u-s-history.com/pages/h1514.html]. | : President Herbert Hoover announces a one year moratorium on reparations and war debts-and the provision of a $ 150 million credit to the Reichsbank [http://www.u-s-history.com/pages/h1514.html]. | ||
1932 | 1932 | ||
: Franz von Papen becomes Chancellor. | |||
: Lausanne Conference agrees to the suspension of reparations payments by Germany [http://www.associatedcontent.com/article/735145/the_lausanne_conference.html] | : Lausanne Conference agrees to the suspension of reparations payments by Germany [http://www.associatedcontent.com/article/735145/the_lausanne_conference.html] | ||
1933 | 1933 | ||
: Adolf Hitler appointed Chancellor. | |||
1936 | |||
: Germany occupies the Rhineland | |||
: Four-year plan | |||
Revision as of 11:53, 27 February 2009
1918
- Treaty of Versailles - reparations [1].
1920
1922
- Wilhelm Cuno becomes Chancellor.
- Economic and Monetary Conference recommends return to the gold standard [2].
- Germany defaults on War Reparations
1923
- Hjalmar Schacht becomes President of the Reichsbank.
- France and Belgium invade the Ruhr because of German default on war reparations; Germany declares general strike [3].
- Hyperinflation [4]
- A new currency (the Schacht Rentenmark) replaces the Reichsmark: price stability restored [5].
1924
- The Reichsmark replaces the Rentenmark and Germany rejoins the gold standard.
- Dawes Plan (for the rescheduling of reparations and the provision of loans from the US etc) agreed [6][7].
1925
- Hindenberg elected President
1926
1927
- Black Friday. Stock market crash[8]. Outflow of short-term capital. Discount rate increase.
1928
1929
- Collapse of Frankfurter Allgemeine Verischerungs AG and runs on savings banks
1930
- Coalition government formed. Heinrich Brünig becomes Chancellor.
- 2nd reparations conference at The Hague.
- Young Plan (further rescheduling reparations payments but giving priority to the repayment of debts to the United States) agreed [9].
1931
- Banking crisis. Runs on banks. Closure of Darmstädter bank. Bank holiday. Credit crunch.
- President Herbert Hoover announces a one year moratorium on reparations and war debts-and the provision of a $ 150 million credit to the Reichsbank [10].
1932
- Franz von Papen becomes Chancellor.
- Lausanne Conference agrees to the suspension of reparations payments by Germany [11]
1933
- Adolf Hitler appointed Chancellor.
1936
- Germany occupies the Rhineland
- Four-year plan