Hyperinflation |
The new currency, Rentenmark |
Level 1 General answer lacking specific contextual knowledge [1] e.g. ‘It was partially successful.’
Level 2 Identifies AND/OR describes reasons [2]
(One mark for each point)
e.g.
‘It didn’t pay reparations.’
‘It caused hyperinflation by printing money.’
‘German farmers suffered.’
‘The late 1920s was considered by some to be a period of moral decline.’
‘Germany was dependent on American loans.’
‘It sorted out the Ruhr.’
‘A new provisional currency was introduced, the Rentenmark.’
‘A permanent currency, the Reichmark, was introduced.’ ‘International acceptance improved.’
‘Stresemann negotiated the Dawes and Young Plans.’
Level 3 Explanation of agreement OR disagreement [3–5]
e.g. ‘Stresemann ended hyperinflation and confidence returned with the introduction of a new currency, the Rentenmark/Reichmark, and a reduction in government spending. The new currency remained stable because the USA was willing to give loans, such as through the Dawes Plan, to support it.’
OR
e.g.
‘There was an illusion that Germany’s economic problems had been solved. Economic prosperity depended largely on American loans and, if these were withdrawn, there would be acute difficulties, especially as agriculture was already in serious trouble and growth in industry had begun to slow in 1927.’
Level 4 Explanation of agreement AND disagreement [5–7]
Both sides of level 3.
Level 5 Explains with evaluation of ‘how far’ [8]
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