1924 - 29 years of stability Flashcards
Gustav Stresemann
- Solved Ruhr occupation
- Reforms to stop inflation
- Dealt loans w/ Americans as foreign minister
- Negotiated new treaty secured borders w/ France & Belgium & reduced reparations
Economic Stability
Fueled by overseas loans, German business & industry grew higher than pre-war levels
Weaknesses in:
- Large reliance on the loans
- Unemployment still a big issue
- Growth in the gap between wealthy & poor
Political stability
Moderate parties grew & controlled Republic
Extreme parties not popular
President von Hindenburg 1925 - gains support of right-wing and encourages belief in the New Republic
Foreign Policy
Treaty of Locarno 1925
- Sure up borders
- Security that france would not occupy territory again
Joining of League of Nations
Treaty of Rapallo with Russia
- Massive trade benefits
Dawes Plan - US loans
Young Plan - reduce reparations from 132 000 million to 37 000 million