Germany 2: Recovery of Germany Flashcards
1
Q
Dawes Plan
A
- August 1924
- US loaned Germany 800m gold marks
- Allies reduced payment
- French agreed to withdraw from the Ruhr
2
Q
League of Nations
A
- September 1926, Germany joined
- Germany given a place on the League of Nations Council
3
Q
Locarno Pact
A
- 1925
- Germany accepts West Border and de-mil of Rhineland
- France not to occupy Ruhr again
- Agreement of Germanies East border
4
Q
Rentenmark
A
- November 1923 Rentenmark was introduced
- 1 Rentenmark = 1 trillion marks
- Based on assests so was secure
5
Q
Stresseman:The Ruhr
A
Stresseman called off passive resistance in September 1923
6
Q
Young Plan
A
- 1929
- Reperations reduced to £2 Billion
- Payments made over 59 years ($473m per year)
- French would leave Rhineland by 1930
7
Q
Economic recovery pros and cons
A
Pros:
- 25.5 billion marks (mainly from USA) came to Germany between 1924-1930
- Helped increase industrial output
- ‘Labour exchanges’ helped people find work
Cons:
- Heavily reliant on US loans
- Did not affect everyone equally - the Mittelstand
- Farmers were affected by an agricultural depression and fell into debt
8
Q
Stresseman
A
- Became Chancellor 1923
- Lead the “Great Coalition”
- Nobel Prize 1926
9
Q
Kellog-Briand Pact
A
- 1928
- “Renounce war as a means of national policy”
- 62 nations signed
- Germany gained power and respect
