The recovery of the Republic, 1919 - 1923 Flashcards
What work did Stresemann do to help Germany recover?
Cancelled the old currency and brought in a brand new “Rentenmark”.
Supported investment through securing American loans.
Took steps to restore Germany’s international reputation.
What was the impact of the Rentenmark?
Steadied the value of the currency and guaranteed the value of old age pensions.
What was the impact of the Dawes Plan (1924)?
American investment banks took on the risk of German debt. Loans were presented to Germany for the purpose of investment in factories and jobs.
What was the impact of the Young Plan (1929)?
Reparation payments were reduced to the value of 112 billion Gold Marks.
Germany was given 59 years to pay, so the yearly payment was set at $473 million each year.
This allowed taxes on the German people to be lowered.
What was the impact of the Locarno Treaty (1925)?
Relations between France and Germany were stabilised.
“The Rhineland Pact led to a recognition of the Western Borders set by the TOV.
The Polish corridor was handed back to Germany and France agreed to dissolve its alliance with Poland.
