Great Depression in Germany/Timelines

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