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