Recovery Of The Republic

Question 1

Us loans

Answer 1

Began with 800 million marks
Next 6 years US companies and banks give loans of nearly $3000 million
Loans helped economy to grow and pay reparations

Question 2

Rentenmark

Answer 2

Hyperinflation destroyed German mark
Nov 1923: Streseman introduced temporary currency called rentenmark.
Based on property values rather than gold reserves
Restored confidence in currency
1924: reichsmark replaced rentenmark

Question 3

Young plan

Answer 3

1929: Owen young came up with new payment plan
Reparations reduced three quarters from 6.6 billion to 1.85 billion
Length of time extended to 59 years
Seen as achievement for Streseman but criticised by right wing

Question 4

Locarno treaties

Answer 4

Signed treaty with Britain, France, Italy and Belgium
Set up in 1925 to keep existing borders between Germany, Belgium and France
Streseman wanted to do this to improve relations with Britain and France

Question 5

Kellogg briand pact

Answer 5

Germany signed with 64 other nations in 1928
Agreed to keep armies for self defence and to solve international disputes by peaceful means
As a result of stresemans foreign policies France withdrew from the Ruhr in 1925, allies agreed to Dawes and young plan. In 1927: allied troops withdrew from West Bank of Rhine 5 years before original schedule of 1993

Question 6

League of Nations

Answer 6

Sept 1926: Germany given permanent seat on council but some Germans still saw the league as guardian of the TOV.

Question 7

Dawes plan

Answer 7

Germany persuaded Britain And France to lower reparations. (1 billion marks for 1st year, increase to 2.5 billion over 4 years). 1924
1925: Ruhr area evacuated by allied troops
Reichsmark reorganised
USA gave loans to Germany
Plan only worked whilst USA was giving money to Germany