The Golden Years 1924-1929 Flashcards
Who was the leader of the Weimar Republic in 1924?
Gustav Stresemann
How did Stresemann deal with hyperinflation?
Created a new currency - The Rentenmark
Ended Passive Resistance in the Ruhr
What was the Dawes Plan?
It stimulated trade and investment in Germany. US dollars financed German expansion in industry, government spending, and banks.
Raised 800 million marks in loans.
Name 3 cultural achievements of Stresemann’s Government.
Architecture flourished
Cinema became advanced
Nightclubs & ‘daring’ shows increase because of liberal freedom
How many seats did the Nazis gain in the 1928 election?
2.6%
When were the Locarno Treaties signed?
December 1st, 1925
Signed by France, Germany, Belgium, Italy & UK.
What did the Locarno Treaties do?
Germany accepted its western borders, arbitration treaties made with Poland & Czechoslovakia.
All countries agreed not to invade as a method for foreign policy, force only allowed in cases of self-defense.
This showed that Germany was becoming more diplomatic
What was the Young Plan?
Reduced reparations by 20% & extended the time they were repaid.
When was the Young Plan signed?
1929
What economic problems remained in Germany during these times?
Agriculture failing: 75% less than in 1913 in 1929, causing strikes.
Increased number of strikes in industries.
Unemployment didn’t fall below 6%.
More imports than exports.
Bankruptcies rose.
What problems were there with the cultural changes made?
Liberal attitudes shocked & angered nationalists.
Gave the impression of corruption, blame went on the new government.
Who was elected President in 1926?
Hindenburg (right wing)
