Stresemann and Germany's recovery Flashcards
What was the period Stresemann was Chancellor for?
The ‘Golden Years’ 1924-29
How did Stresemann tackle Hyper-inflation?
By recalling the old currency and replacing it with the Rentenmark
How was hyper-inflation still an issue?
It left a LEGACY- many people had lost savings and so could not forget how it had affected them
Stresemann negotiate the Dawes Plan. What did this involve?
- Longer to pay off loans
2. More US loans
How did the Dawes Plan help Germany recover?
The money was used to build new infrastructure i.e. railways, factories, hospitals etc
How did the Dawes Plan fail Germany?
Left Germany completely reliant on US economy (Wall Street Crash)
What did Stresemann do to gain other countries’ trust?
Signed Locarno Pact and joined the League of Nations
How did signing the Locarno Pact benefit Germany?
It improved relationships with countries such as Britain, France, and Belgium
How did joining the League of Nations benefit Germany? (2)
- Gained trust of other countries- willing to work together
2. Germany became more involved in major international decisions
What was the less positive side to Stresemann’s bid to gain countries’ trust?
- People thought he hadn’t done because he did not get them land back (ToV)
- Thought he was weak for working with other countries not fighting
What did Stresemann’s negotiation of the Young Plan achieve?
Gave Germany even more time to pay off the reparations
What was the less positive side to the signing of the Young Plan?
Some Germans felt they should not be paying reparations at all so Young Plan = useless
Name the year of the:
Dawes Plan
Locarno Pact
Joining of the League of Nations
Young Plan
Dawes Plan: 1924
Locarno Pact: 1925
Joining of the League of Nations: 1926
Young Plan: 1929
Put these event in order:
Joining of the League of Nations
Dawes Plan
Young Plan
Locarno Pact
- Dawes Plan
- Locarno Pact
- Joining of the League of Nations
- Young Plan
