Golden Years Flashcards
Reasons why it was Golden Years
Stable government Stresemann popular Little support for extremist parties Rentenmark stabilised currency US loans encouraged industry Increased employment Nearly 3 million new homes built New roads and railways
Evidence against Golden Years
Problems with constitution still exist Opposition to Dawes and Young Plans Germany too dependent on loans Unemployment still a problem Growth in industry began to slow after 1927 Farming suffered- fall in food prices
How did Stresemann tackle the French in the Ruhr?
Called off passive resistance
How did Stresemann solve hyperinflation?
Changed currency to Rentenmark
Temporarily then changed it to Reichsmark within a year
What were the terms of the Locarno treaty 1925?
To guarantee the borders with France, Belgium and Italy (essentially accepting the terms of TOV)
When did Germany join the League of Nations?
1926
When was the Dawes Plan introduced?
1924
What were the terms of the Dawes Plan?
Reparations reduced
Loan of 800 million marks
When was the Young Plan introduced?
1929
What were the terms of the Young Plan?
Extended time to pay back reparations to 59 years
Payments reduced to 2,000 million marks a year
Why did some Germans oppose the Dawes and Young Plans?
Over reliance on US loans
Gave allies too much influence in Germany
Reparation repayment too long (grandchildren pay for WW1)