Stresemann - Helping the Weimar Economy Recover and Improving International Relations Flashcards
Was the attitude towards the League 100% positive?
No - some Germans hated the League, it was set up at the Paris Peace Conference when the Treaty of Versailles was created
Did the amount Germany paid each year change as a result of the Young Plan?
No - payments were still £50 million a year
How much did Germany get in loans from the Dawes Plan?
$25 billion (800 million marks)
Did the Young Plan come into effect?
No, because of the impact on the world of the Great Depression
When was the Young Plan?
1929
Where were Allied troops taken out of as a result of the Locarno Pact?
The Rhineland
When was the Rentenmark invented?
1923
Who invented the Rentenmark?
Stresemann
What did the Young Plan do?
Reduce reparations
When was the Locarno Pact?
1925
As Germany had re-started reparations payments, French and Belgian troops were removed from the ____
Ruhr
How did the Young Plan help Germany’s economy?
Helped make reparations more affordable and freed up money for the government to spend on other things such as pensions, industry and job creation
How many extra years was Germany given to pay reparations?
59
How did Stresemann negotiate membership of the League of Nations and a place for Germany on the League’s council?
Through signing the Locarno Pact and re-starting paying reparations with the Dawes Plan
How many countries were involved in the Kellog-Briand Pact?
65
Who was Charles Dawes?
An American banker
What did Stresemann realise he had to prove to allies?
That Germany was no longer the same country as it was during the First World War
What could the Government reduce as a result of the Young Plan because they had less to pay?
Taxation
When was the Kellogg-Briand Pact?
1928
Who was Owen Young?
Another American banker
Why was the Reichsbank set up?
To prevent the excess printing of money (control how much money was printed). Didn’t want to repeat hyperinflation
How did the Rentenmark solve hyperinflation?
Ended the problem of worthless money and replaced the old currency