The recovery of the Weimar Republic: 1924-1929 Flashcards
What happened to the support for extremist parties?
It decreased dramatically.
Who’s leadership helped improve the state of the Weimar Republic?
Gustav Stresemann.
Who was Gustav Stresemann? (2)
He became chancellor of Germany in 1923.
He became foreign minister in 1926.
What was Stresemann’s general strategy for trying to make Germany stronger than it had been?
Improve Germany’s economy through several means.
What did Stresemann do to restore value to money? (2)
Introduced money called the Rentenmark.
Connected the new currency to the value of industry in Germany.
What was the 1924 Dawes Plan? (2)
USA banks agreed to give loans to the German Industry to help businesses grow.
Reparation payments were reduced to £50 million per year.
How did Stresemann end hyperinflation?
A new national bank connected the money to the gold in the bank.
What was the new currency the Rentenmark renamed too?
The Reichsmark.
How did Stresemann’s new currency improve the German peoples attitudes towards money?
It made everyone trust the value of it.
How did the Dawes Plan help Germany? (3)
Germany’s production doubled between 1923 and 1928.
Employment rates, tax income and trade increased.
People got richer.
What was the Young Plan in summary?
Reparation payment was reduced from £6.6 billion to £2 billion.
How many more years did the Young Plan give Germany to pay of its reparation payments?
59 Years.
Why did Political Extremists hate the Young Plan?
They believed Germany should not be paying the reparations at all.
When was the Young Plan introduced?
1929.
When was the Dawes Plan introduced?
1924.
How did the Nazi’s describe the increased time given for reparation payments in the Young Plan?
‘Passing on a penalty to the unborn.’
What good things happened in Germany as a result of the Young Plan?
It allowed the government to lower taxes and spend more money.
The government were able to create more jobs.
Confidence increased in the weimar Republic because the French agreed to leave the Rhineland.
When was the Locarno Pact introduced?
1925.
What was the Locarno Pact?
A treaty between Germany, Britain, France, Italy and Belgium.
What year was Germany accepted into the League of Nations?
1926.