The Recovery of Germany 1924-29 Flashcards

1
Q

What new currency was introduced to solve hyperinflation?

A

The Retenmark

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2
Q

Who became chancellor in 1923?

A

Gustav Stresemann

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3
Q

What name is given to the government under Stresemann?

A

Great Coalition

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4
Q

What currency replaced the Retenmark?

A

Reichsmark

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5
Q

What was the name of the independent bank set up in 1924?

A

Reichsbank

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6
Q

What year was the Dawes Plan?

A

1924

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7
Q

Identify the 5 key points of the Dawes Plan

A
  1. 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
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8
Q

Why were some Germans critical of the Dawes Plan?

A

They felt Germany was accepting the blame for starting WW1

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9
Q

How much did Germany receive in loans over 6 years?

A

25 billion marks

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10
Q

Why was Germany’s economy still at risk after the Dawes Plan?

A

The economy was reliant on American loans; this problem would surface with the Wall Street Crash

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11
Q

What year was the Young Plan?

A

1929

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12
Q

What was the Young Plan?

A

Reduced reparations by 20% and continued loans from the USA

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13
Q

Why were some Germans critical of the Young Plan?

A

They still had to pay reparations

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14
Q

Why was the Young Plan ineffective?

A

The Wall Street crash in 1929 meant the USA could not afford to loan Germany money

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15
Q

What tactic did Stresemann use to help Germany’s position abroad?

A

Diplomacy

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16
Q

What did Germany sign in 1925?

A

The Locarno Pact

17
Q

What were the 3 key terms of the Locarno Pact?

A

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’

18
Q

What were the positives of the Locarno Treaty?

A

Improved relations abroad and Stresemann was awarded the Nobel Peace Prize in 1926

19
Q

What were the negatives of the Locarno Treaty?

A

Some were unhappy that Stresemann was accepting the terms of the Treaty of Versailles

20
Q

What international body was set up in 1926?

A

League of Nations

21
Q

Why did the League of Nations initially cause a problem for Germany?

A

They were excluded

22
Q

What year was the Kellogg-Briand Pact?

A

1928

23
Q

How many countries signed the Kellogg-Briand Pact?

A

62

24
Q

What was the main aim of the Kellogg-Briand Pact?

A

Prevent future war by getting countries to promise they would not use military force to settle future disagreements

25
Q

What did the Kellogg-Briand Pact suggest about the Weimar Republic?

A

It was a respected, stable state and had recovered from its troubled beginning.