Government and Opposition: 1924-1929 Flashcards
Info that is on the specification
What was the economic impact of the occupation of the Ruhr?
- hyperinflation
- collapse of the Mark
What were the specific economic issues were caused by the occupation of the Ruhr?
loss of tax revenues and export earnings added to the pressures already on the Republic’s finances
What was the Republic’s solution to the pressure on its finances?
print more money
What was the social impact of the occupation of the Ruhr?
angered and outraged public opinion
Who became chancellor in 1923?
Gustav Stresemann
What did Stresemann do in order to deal with Germany’s international problems and the issues caused by the Ruhr invasion?
formed a coalition with Zentrum and the SPD parties - as he was leader of the DVP (right wing) to create a firm base
What happened to Stresemann’s coalition?
fell apart due to the withdrawal of the SPD
What policy aligned with Stresemann’s aim?
fulfilment
What is fulfilment?
cooperation with the treaty of Versailles terms
What were Stresemann’s main measures?
- end passive resistance in the Ruhr
- reduction in public expenditure
- recommencement of reparations payments
- acceptance into the League of Nations
Who was a main figure into solving the economic crisis appointed by Stresemann?
Hjalmar Schacht
Who is Hjalmar Schacht?
appointed as Reich Currency Commissioner and introduced a new currency and brought down inflation
What are the two plans negotiated by Stresemann?
Dawes Plan (1924) and Young Plan (1929)
What was the purpose of the Dawes Plan?
to scale down the reparations payments and arrangement of American loans
What type of people disliked the Dawes Plan (and why)?
right wingers such as Nazi’s as they felt they should not be reliant on America a country that wronged them so harshly in the treaty of Versailles