ECN 220 Study Guide - Midterm Guide: Hyperinflation In The Weimar Republic, Foreign Exchange Controls, Ryerson University
14 Apr 2011
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The midterm test will last 1. 5 hours and you will be asked to answer three short answer questions (out of a choice of six) and one essay question (out of a choice of three). The questions will be chosen from the following lists. Briefly describe three reasons why many primary producing countries during the 1920s experienced low and unstable export prices. Several countries which depended on exporting manufactures experienced slow and unstable growth during the 1920s. Indicate (with brief explanations) two of the reasons for this. Briefly describe two effects of protectionism on the international trading and financial system of the 1920s. Briefly describe how the german hyperinflation of 1922/23 was brought to an end. Explain why german reparation payments were essential to the survival of the international financial system in the 1920s. In the context of exchange controls define: (a) compensation agreements. (b) clearing agreements.
