The Recovery of Germany 1924-29 Flashcards
What new currency was introduced to solve hyperinflation?
The Retenmark
Who became chancellor in 1923?
Gustav Stresemann
What name is given to the government under Stresemann?
Great Coalition
What currency replaced the Retenmark?
Reichsmark
What was the name of the independent bank set up in 1924?
Reichsbank
What year was the Dawes Plan?
1924
Identify the 5 key points of the Dawes Plan
- USA loaned Germany 800 million marks. 2.Reparations lowered to 1,000 million marks for 5 years 3.Allies agreed to review repayment rate 4.French withdrew troops from the Ruhr 5.Allies given some control of Reichsbank and railways
Why were some Germans critical of the Dawes Plan?
They felt Germany was accepting the blame for starting WW1
How much did Germany receive in loans over 6 years?
25 billion marks
Why was Germany’s economy still at risk after the Dawes Plan?
The economy was reliant on American loans; this problem would surface with the Wall Street Crash
What year was the Young Plan?
1929
What was the Young Plan?
Reduced reparations by 20% and continued loans from the USA
Why were some Germans critical of the Young Plan?
They still had to pay reparations
Why was the Young Plan ineffective?
The Wall Street crash in 1929 meant the USA could not afford to loan Germany money
What tactic did Stresemann use to help Germany’s position abroad?
Diplomacy
What did Germany sign in 1925?
The Locarno Pact
What were the 3 key terms of the Locarno Pact?
1.Germany agreed to accept new western boarders 2. Germany agreed Alsace-Lorraine would be French and France would not occupy the Ruhr 3.Germany’s eastern borders would be settled by ‘peaceful means’
What were the positives of the Locarno Treaty?
Improved relations abroad and Stresemann was awarded the Nobel Peace Prize in 1926
What were the negatives of the Locarno Treaty?
Some were unhappy that Stresemann was accepting the terms of the Treaty of Versailles
What international body was set up in 1926?
League of Nations
Why did the League of Nations initially cause a problem for Germany?
They were excluded
What year was the Kellogg-Briand Pact?
1928
How many countries signed the Kellogg-Briand Pact?
62
What was the main aim of the Kellogg-Briand Pact?
Prevent future war by getting countries to promise they would not use military force to settle future disagreements
What did the Kellogg-Briand Pact suggest about the Weimar Republic?
It was a respected, stable state and had recovered from its troubled beginning.
