Golden Period 1923-1929 Flashcards
When was Gustav Streesman appointed chancellor of Germany?
August 1923
How long was Streesman chancellor for?
Just over 3 months
What were 3 important decisions made by Streesman as chancellor ?
- Called of passive resistance in the Ruhr
- Oversaw introduction of new currency
- Fended off threats from the extreme left & right
What was the name of the new currency in 1924?
Rentenmark ( became the Reichsmark later on )
Why was the decision to call of passive resistance in the Ruhr so importnant and brave?
Because it paved the way for economic recovery and brave because he knew he would come under scrutany from the extreme right.
What was the significance of introducing the new currency in 1924?
It was extremley valuable and therefore ended the hyperinflation crisis successfuly and efectivley
How many Marks were exchangable for one Reichsmark?
3 Trillion
What was so great about fending off threats from the extreme-left and right?
- Represnted politically minded strenghts from Streesman
2. Revolution attempts decreased therefore government was more stable and secure
When was Streesman foreign minister?
1924-1929
What did Streesman suggest was the best way to aid Germany’s recovery as a result of the Treaty of Versailles?
Improving foreign relations so Germnay was sympathised with by other nations
What were Streesman’s short term aims as foreign minister?
Remove French from Ruhr & Decrease the amount of reperations to pay
What were Streesman’s long term aims as foreign minister?
Regain Polish corridor & Regain some of Germany’s colonies
When was the Dawes Plan created?
1924
What were the importnat agreemnts made in the Dawes plan?
- reduction in annual payments of reperations
- French left Ruhr
- $200million loan from USA to help Germnay with reperations
When did Germany join the Locarno pact?
1925
What were the benefits for Germnay of joining the Locarno Pact?
- France & Germnay recognisng one-anothers borders
2. French never to invade Ruhr again as long as Germany made no claim to Alsace-Lorraine
What was Alsace-Lorraine?
A worthless piece of land with no real significance to Germany (Thats why it was a benefit for Germany in the Locarno Pact)
When did Germnay join the Leauge of Nations?
1926
What were the benefits to Germany of being part of the Leauge of Nations?
- Given “Veto” ((great) power and influence
2. now had Allies
When was the Treaty of Berlin signed?
1926
Who signed it?
Germnay & USSR
What was agreed?
decisions to make both countries help eachother economically and miltarily
What was the benefit to Germnay of signing the Treaty of Berlin?
They had Allies within USSR but also led to kindness from the west as they feared a strong military force which might start a war
When was the Young plan made?
1929
Which countries were involved?
USA and Germany
Why was the Young Plan a benefit to Germany?
- Germany now only had to pay $1.85million from the original $6.6 million in reperations a reduction of 72%
- Allies removed troops from Germany 5 years early which meant Germany could now be dubbed a “free state”
Who was Hans Luther ?
Finance minister between 1923- who was partly responsible for the stabalising of the new currency
who was Hjalmar Schact?
Currency commisioner who claimed responsibility for the new currency idea to end hyperinflation
