Golden Period 1923-1929 Flashcards

1
Q

When was Gustav Streesman appointed chancellor of Germany?

A

August 1923

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2
Q

How long was Streesman chancellor for?

A

Just over 3 months

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3
Q

What were 3 important decisions made by Streesman as chancellor ?

A
  1. Called of passive resistance in the Ruhr
  2. Oversaw introduction of new currency
  3. Fended off threats from the extreme left & right
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4
Q

What was the name of the new currency in 1924?

A

Rentenmark ( became the Reichsmark later on )

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5
Q

Why was the decision to call of passive resistance in the Ruhr so importnant and brave?

A

Because it paved the way for economic recovery and brave because he knew he would come under scrutany from the extreme right.

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6
Q

What was the significance of introducing the new currency in 1924?

A

It was extremley valuable and therefore ended the hyperinflation crisis successfuly and efectivley

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7
Q

How many Marks were exchangable for one Reichsmark?

A

3 Trillion

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8
Q

What was so great about fending off threats from the extreme-left and right?

A
  1. Represnted politically minded strenghts from Streesman

2. Revolution attempts decreased therefore government was more stable and secure

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9
Q

When was Streesman foreign minister?

A

1924-1929

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10
Q

What did Streesman suggest was the best way to aid Germany’s recovery as a result of the Treaty of Versailles?

A

Improving foreign relations so Germnay was sympathised with by other nations

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11
Q

What were Streesman’s short term aims as foreign minister?

A

Remove French from Ruhr & Decrease the amount of reperations to pay

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12
Q

What were Streesman’s long term aims as foreign minister?

A

Regain Polish corridor & Regain some of Germany’s colonies

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13
Q

When was the Dawes Plan created?

A

1924

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14
Q

What were the importnat agreemnts made in the Dawes plan?

A
  1. reduction in annual payments of reperations
  2. French left Ruhr
  3. $200million loan from USA to help Germnay with reperations
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15
Q

When did Germany join the Locarno pact?

A

1925

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16
Q

What were the benefits for Germnay of joining the Locarno Pact?

A
  1. France & Germnay recognisng one-anothers borders

2. French never to invade Ruhr again as long as Germany made no claim to Alsace-Lorraine

17
Q

What was Alsace-Lorraine?

A

A worthless piece of land with no real significance to Germany (Thats why it was a benefit for Germany in the Locarno Pact)

18
Q

When did Germnay join the Leauge of Nations?

A

1926

19
Q

What were the benefits to Germany of being part of the Leauge of Nations?

A
  1. Given “Veto” ((great) power and influence

2. now had Allies

20
Q

When was the Treaty of Berlin signed?

A

1926

21
Q

Who signed it?

A

Germnay & USSR

22
Q

What was agreed?

A

decisions to make both countries help eachother economically and miltarily

23
Q

What was the benefit to Germnay of signing the Treaty of Berlin?

A

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

24
Q

When was the Young plan made?

A

1929

25
Q

Which countries were involved?

A

USA and Germany

26
Q

Why was the Young Plan a benefit to Germany?

A
  1. Germany now only had to pay $1.85million from the original $6.6 million in reperations a reduction of 72%
  2. Allies removed troops from Germany 5 years early which meant Germany could now be dubbed a “free state”
27
Q

Who was Hans Luther ?

A

Finance minister between 1923- who was partly responsible for the stabalising of the new currency

28
Q

who was Hjalmar Schact?

A

Currency commisioner who claimed responsibility for the new currency idea to end hyperinflation