Reason for economic recovery: Stresemann, Retenmark, Dawes Plan, Young Plan Flashcards
Who was appointed Chancellor in August 1923?
Gustav Stresemann
How long was Stresemann Chancellor for?
Only 3, until November
What did he call off in the Ruhr?
Passive resistance against the French and Belgians
What was the name of the temporary currency introduced by Stresemann to deal with hyperinflation?
The Retenmark
What was the Dawes Plan?
A deal Germany made with the USA in 1924, where the USA would loan Germany $200 million to help destabilise and pay reparations
What was the Young Plan?
A reduction of Germany’s reparations, down to 121 billion gold marks, down by almost $29 billion, and a change in timing, now payable over 58 years
How did the Dawes Plan help Germany?
It gave the government money to help stabilise the country after hyperinflation and pay off France and Belgium.
How did the Young Plan help Germany?
Greatly eased pressure on the German Economy, as they no longer has such massive looming payments to make to the Allies
What was Stresemann appointed as in August 1923 as well as Chancellor?
Foreign Minister
