The recovery of Weimar Flashcards
Who led to the German economy recovery
Gustav Stresemann
How did Gustav stresemann recover Germans economy
By working with Britain France and the USA to organise the Dawes plan the rentenmark and the young plan
What was the Dawes plan
In August 1925 Strassmann persuaded the French British and Americans to change the reparation terms the payments became based on Germany’s capacity to pay the rare area was evacuated in 1925 and the USA would give Germany loans of 3000 million dollars over six years
What was the Rentenmark
In 1923 a temporary currency called the rentenmark was issued in limited amounts in 1924 the Rentenmark was converted into the reichsmark
What was the young plan
The reparations were reduced from 6600 million to 1850 million while the length of time Germany had to pay was extended to 59 years
Why was it called the young plan
As in 1925 the Allied reparations committee asked an American banker Owen young to come up with a new plan for payment
What was the extent of economic recovery positives
Public Works providing new stadiums apartment blocks and opera houses
Big business had paid many of its debts and benefited from a period of industrial growth
Between the years 1924 and 1923 there were fewer strikes
Unemployment which had risen to 9,000,000 by 1926 had now fallen to the 6 million mark
Extent of economic recovery negative
Factory workers our stay the same all their wages rose but not as fast as living costs
The lower middle class is not fully recover from the savings they had lost to a hyperinflation in 1923
Farmers struggled as their prices fell and didn’t have the money to modernise their farms
How long was stresemann foreign secretary
1923 to 1929
What was the Locarno pact 1925
Germany signed this with Britain France Belgium and Italy to keep existing borders between Germany Belgium and France
What did the Locarno pact in 1925 mark
Germany’s returned to the European international scene
What happened in the league of Nations 1926
When Germany was given a permanent seats on the council of the league of Nations
Was the Kellogg Bryant Pact in 1928
65 nations including Germany signed this pact agreeing they would keep their armies for self defence and solve all international disputes by peaceful means
What happened as a result of stressmenns foreign policies
1925 France withdrew from the Ruhr
The allies agreed to the Dawes and the young plan
In 1927 earlier allied troops withdrew from the West Bank of the Rhine five years before scheduled
