Streseman's Policies Flashcards
How did Stresemann stabilise the currency?
Called off passive resistance
Issued new currency called Rentenmark based on a morale of all industrial and argricutural land
Kept a tight control on money circulation
Consequences of Dawes Plan
The 1924 Dawes plan confirmed the original reparation amount but made payments more manageable
Reduced amount paid until 1929
Germany receive a loan of 800 million marks from USA
Problems with Dawes Plan
Stresemann himself saw it as an economic armistice
Nationalist opposition rose as they wanted to defy ToV and not pay any reparations
Benefits of Dawes plan
Allies accepted Germany had a real problem with payment of reparations
Loans provided new machinery, factories l, houses and jobs to rebuild economy
Reasons for the Young Plan
Dawes plan only meant to be a temporary settlement of the reparations issue
French would not leave the Rhineland until reparations were finally sorted
What the Young Plan agreed
The 1929 Young Plan meant Germany would pay reparations until 1988 but the total bill was reduced from £6.5 billion to £1.8 billion but annual payments increased
Foreign control for reparations ended with Germany given control
Allied troops to withdraw from Rhineland by 1930
Reaction to Young Plan
Right wing backlash
Freedom law was put to the people which demanded immediate evacuation of occupied areas and those who accept war guilt be tried for treason
Freedom law petition got over 4 million signatures enough to be put to referendum
Referendum defeated massively but almost 6 million still voted for it
Hitler as it’s champion became a break through political leader o
