Recovery under Gustav Stresemann in the Weimar Republic Flashcards
Who was Gustav Stresemann, what was his role and what would he cause?
- Chancellor for 100 days, Foreign Minister till 1929
- 6 years of recovery ‘Golden years of the Weimar Republic’
What would be Stresemann’s first moves to recovery?
- Established the Rentenmark (later Reichsmark) in 1923 under the printing of Hjalmar Schacht
- Sacked 300,000 civil servants
- Increased taxes, note strong action
What results would Stresemann end with?
1929 Germany producing 33% more than they were in 1913
What were key aspects of the 1924 Dawes Plan?
- Germany remained liable
- First 5 years Germany would pay on a sliding scale of £50M to £125M, then based on prosperity index
- Loan to Germany of £40M to help new currency
- Ruhr to be evacuated August 1925
What were key aspects of the 1929 Young Plan?
- Agreement to pay reparations till 1988
- Reduction from £6500M demanded in 1921 to £1,850M
- Withdrawal of UK/French troops from Rhineland in June 1930
- Stresemann dies in negotiations :(
What was Stresemann’s Foreign Policy like?
Erfüllungspoltik - Compliance
- Negotiations with new British PM - Ramsay Macdonald
- 1922 - Rapallo Treaty with USSR
- 1925 - Locarno Pact
- 1926 - Treaty of Berlin
- 1926 - Entered League of Nations
- 1928 - Kellog-brand pact
What was the Controversy over the Locarno Pact?
Only got passed in December of 1925 with the SPD
SPD would adopt the Heidelberg Program to support this (marxism)
- Germany agreed Alsace Lorraine was French (Western Borders)
- Agreed to not use force to reclaim borders
- France agreed to not attack Germany provided Poland is the aggressor
- The DNVP strongly opposed the giving up of Western Borders and lack of cover of Eastern Borders
What was the National Opposition, what did they oppose and why?
- They opposed the Young Plan (re-affirmation of war guilt) and wanted a freedom law instated, Fritz Thysen, Hugenburg and Schacht were part of this.
- Note, Hitler now rubbing shoulders with big boys on the right wing
- They would invoke Article 73 to ask for a petition for referendum
What was the result of the referendum put up by the National Opposition?
December 1929 only gains 13.9% support, however:
- Stirs up nationalist emotions
- Hitler gains access to Hugeburgs media empire
- Nazi membership grew to 130,000 at the end of 1929
What were the results of the 1924 May elections (Give Reasons)
- Nazi’s 32 seats (Hitlers trial gained him popularity)
- SPD 100 seats
- DNVP 95 seats
- KPD 62 seats (more radicalised vote, USPD non-existent)
What were the results of the 1924 December elections (Give Reasons)
- Nazi’s 14 seats (economy improving)
- SPD 131 seats
- DNVP 103 seats
- KPD 45 seats (economy improving)
When was the Wall Street Crash, what did this mean?
24th October 1929
- Stocks were over-inflated and crashed
- German recovery was reliant on foreign investment, they now wanted their money back
- Caused unemployment
- Reduced German Export
- Agricultural prices fell and rye exports hit
When were Reich Relief and Serious disability laws passed?
1920
What was codification and when was it passed as a law?
1924
It put all laws together and tidies them up
When were the Labour Exchanges and Unemployment Insurance laws passed, what effect would this have?
1927
- A fixed rate unemployment benefit provided
- Lots of unemployment after Wall Street crash would end up meaning lots of payments