Gustav Stresemann Flashcards
During what major crisis did Stresemann become Chancellor?
Stresemann became chancellor during the hyperinflation crisis that was caused by the invasion of the ruhr
What did Stresemann do to save Weimar from collapsing?
november 1923 - he introduced a new temporary currency called the rentenmark, the value of which was based off germany’s industrial and agricultural worth + promised that if the currency failed, shares in industry or land would be exchanged for the notes –> this gave the german people confidence in the new currency + 1924 - he set up the reichsbank responsible of regulating the rentenmark currency
Reichsbank then introduced the permanent currency of reichsmark –> this currency could be relied on and restored faith in the german financial system
How long was Stresemann chancellor for?
3 months
With what title did stresemann continue to serve the weimar republic as after being chancellor?
He served as foreign minister until his death.
What did germany gain from the locarno treaties?
The treaty ensured safety for germany’s western frontier and somewhat solidified the stability of European borders.
how did the invasion of the ruhr cause hyperinflation?
germany lost much needed income as a result of france and belgium taking industrial goods + to pay the workers on strike and to compensate for the lack of production in the german economy, germany started printing even more money, which exacerbated the already dire financial situation of germany due to the burden of reparations payment –> sent the economy into a period of hyperinflation