Great Depression in Germany/Timelines: Difference between revisions
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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. | |||
1928 | 1928 | ||
1929 | 1929 | ||
: Collapse of Frankfurter Allgemeine Verischerungs AG and runs on savings banks | |||
1930 | 1930 | ||
: 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]. | |||
1931 | 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 [http://www.u-s-history.com/pages/h1514.html]. | |||
1932 | 1932 | ||
: Lausanne Conference agrees to the suspension of reparations payments by Germany [http://www.associatedcontent.com/article/735145/the_lausanne_conference.html] | |||
1933 | 1933 | ||
Revision as of 11:23, 27 February 2009
1918
- Treaty of Versailles - reparations [1].
1920
1922
- Economic and Monetary Conference recommends return to the gold standard [2].
- Germany defaults on War Reparations
1923
- 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
1926
1927
- 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
- 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
- Lausanne Conference agrees to the suspension of reparations payments by Germany [11]
1933