Stresemann and the Golden Years Flashcards
What was the Dawes Plan?
Agreed reparation payments would gradually rise to maximum in 5 years - proposed a loan of 8000 million marks for Germany
What was the old currency? What was it replaced by?
Reichsmark and the Rentenmark
What did Germany become heavily dependent on?
Foreign loans
When was there a depression in agriculture and why?
1927, overproduction
What % of the vote did the Nazis get in 1928?
Less than 3%
Who was elected president in 1925?
Hindenburg
What social improvements were made?
- Wages increased
- 8 hr days
- Standard of living increased
- Welfare benefits/pensions
What social problems remained?`
- Farmers = earn 1/2 national average (1929)
- Extreme wealth/poverty
- Level of taxation
What was the Locarno Treaty and when?
Guaranteed Germany’s borders with France and Belgium, not in the East, 1925
When did Germany join the League of Nations?
1926
When was the Young Plan signed and what was it?
1929, reduced reparations and troops to withdraw from Rhineland
How successful were the Golden years?
- Signs of recovery and stability but:
- Economy burdened by war
- Short lived government