DEPTH STUDY- Weimar recovery between 1924 and 1929 Flashcards
Who was the chancellor of this period?
Gustav Stresemann
When was the chancellor appointed?
Stresemann became chancellor in 1923
How did Stresemann deal with the passive resistance? (2)
- sent workers back to the Ruhr
- people were then getting paaid again
What production was lost during the passive resistance?
80% steel producution lost
How was the hyperinflation sorted? (2)
Government stopped printing money-Rentenmark was introduced
What did the ceasing of the hyperinflation mean?
German currency had value again
Why was the government blamed for a “year of misery”
people (mostly middle class) had lost savings
How was the German governmnet helped by the USA?
Dawes plan of 1924
what was still an economic problem despite financial help from the USA?
Unemployment - 8.4% of Germaan workforce
Why were loans possibly not the most ideal solvent?
Hard to pay back loans, loans could be revoked at any time
What did the Dawes plan mean?
more money to fund recovery
When was the Locarno pact signed?
1925/26
What did the Locarno pact set out to achieve?
sought to secure the post-war territorial settlement
When did Germany join the league?
1926
When was the young plan?
1929
