Recovery of Germany (1924-1929) Flashcards
1
Q
How did Germany recover socially?
A
- Stresemann created the Youth Welfare Act- fixed poverty caused by hyperinflation and gave every child rights to healthcare and education.
- Article 155 of Constitution- state must address housing shortage
- Managed to control unemployment
2
Q
How did Germany recover economically?
A
- Stresemann promised to pay the reparations, called off passive resistance- Caused French to leave Ruhr.
- Currency changed to the Retenmark to end hyperinflation
- Dawes Plan: Gave Germany longer period of time to pay reparations and they were given $45 million loan from America which proved effective until the WSC in 1929
- Young Plan: Reduced the amount of money Germany had to pay (from 269 billion gold marks to 112)
3
Q
When was the Dawes Plan introduced?
A
August 1924
4
Q
When was the Young Plan introduced?
A
February 1929
5
Q
How did Germany recover politically?
A
- Post 1923 government was more stable- 0 uprisings
- Stresemann was right-of-centre meaning he had a lot of support
- Weimar and the idea of democracy was gaining support of the people because parties were doing well in elections.
6
Q
How did Germany recover with regards to foreign policy?
A
- Locarno Pact- promised not to invade each other and was a hope for international peace