Gustav Stresemann Flashcards
what was introduced in 1923
rentenmark
when was the rentenmark introduced
1923
what was introduced in 1924
the Dawes plan
when was the Dawes plan introduced
1924
what was introduced in 1925
the Locarno pact
when was the Locarno pact introduced
1925
what was introduced in 1928
the Kellogg-Briand pact
when was the Kellogg-Briand pact introduced
1928
what was introduced in 1929
the Young plan
when was the Young plan introduced
1929
terms of the rentenmark
replaced Deutschemark, backed by the gold standard and had real value
effects of the rentenmark
trusted at home and abroad so helped stabalise the economy, businesses began to recover but people who lost money didn’t get it back
terms of the Dawes plan
germany loaned £25 billion marks from america, this meant they could pay bank reparations again which were reduced to £50 million a year
effects of the Dawes plan
french agreed to leave the Ruhr, industrial output doubled and employment and income increased, other countries began to trust them again
terms of the Locarno pact
germany, britain, france, italy and belgium agreed not to attack each other, Rhineland permanently demilitarised
effects of the Locarno pact
trusted by other countries, treated equal again, helped germany gain admittion to the league of nations, stresemann won the nobel peace prize
terms of the Kellogg-Briand pact
an agreement between 62 countries that they wouldn’t use war to settle disputes
effects of the Kellogg-Briand pact
germany could build relations with other countries, countries could trust germany again, some germans thought it made them look weak
terms of the Young plan
reparations reduced from £6.6 billion to £2 billion, germany were given an extra 59 years to pay in small instalments
effects of the Young plan
german government could now reduce taxes so people had more money to spend, germany’s industry was boosted and more jobs were available, some disliked that it would be passed onto the next generation, Wall street crash later meant USA wanted all their money back