Great Depression in Germany/Timelines: Difference between revisions
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::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]. | ||
1931 | 1931 | ||
: Banking crisis. Runs on banks. Closure of Darmstädter bank. Bank holiday. Credit crunch. | : Banking crisis. Runs on banks. Closure of Darmstädter bank. Bank holiday. Credit crunch [http://www.ata.boun.edu.tr/ehes/Istanbul%20Conference%20Papers-%20May%202005/adalet.pdf ] | ||
: 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 | ||
Revision as of 11:10, 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 [10]
- President Herbert Hoover announces a one year moratorium on reparations and war debts-and the provision of a $ 150 million credit to the Reichsbank [11].
1932
- Franz von Papen becomes Chancellor.
- Lausanne Conference agrees to the suspension of reparations payments by Germany [12]
1933
- Adolf Hitler appointed Chancellor.
1936
- Germany occupies the Rhineland
- Four-year plan