German recovery 1924-1929

Question 1

Rentenmark

What it was, relevant context, and impact

Answer 1

• A new form of currency to stop hyperinflation

Relevant context:
- Restored people’s confidence in the fact that the money in the country actually reflected the value of things.

Impact:

• People didn’t have to carry around bags instead of wallets
• People were willing to use money instead of bartering.

Question 2

Dawes Plan

What it was, relevant context, impact

Answer 2

• A plan by Charles Dawes to use American money to help rebuild the German economy.

Relevant Context:
- Gave Germany 800 million Retenmarks to help grow their factory production, jobs, and pay reparations to France.

Impact:

• The pressure of paying compensation to France transferred from Germany to American investors.
• Employment and wages in Germany increased.

Question 3

The Young plan

What it was, relevant context, impact

Answer 3

• A final agreement on the issue of the reparations Germany was paying.

Relevant context:

• The 6.6billion marks was reduced to 2.2billion
• Germany were given until 1988 to pay.

Impact:

• Taxes could be lowered and people starting spending more.
• Businesses were creating more jobs.

Question 4

Locarno treaty

What it was, relevant context, impact

Answer 4

• Agreement where Germany and France promised to respect the borders between them.

Relevant context:
- Grew a relationship of trust between France and Germany.

Impact:

• Created a feeling that if there were arguments in the future, they would be settled through discussion not war.
• Germany was viewed as less aggressive.

Question 5

League of Nations

What it was, relevant context, impact

Answer 5

• International group committed to solving global problems. Germany added in 1926.

Relevant context:
- Made Germany part of international cooperation. No longer seen as a problem.

Impact:
- Germany was a partner to other countries in the world and no longer viewed as an outside threat.

Question 6

Kellogg-Briand Pact

What it was, relevant context, impact

Answer 6

• An agreement that countries signed up to, promising not to use war to settle problems.

Relevant context:
- It showed countries that Germany was willing to cooperate and use peace as a way to solve problems.

Impact:
- It increased the “spirit of the Locarno Treaty” and made countries even more willing to trust Germany and not see it as an extreme threat to peace.