The Stresemann Era Flashcards
Which years were the Stresemann era?
1924 to 1929.
Who was Gustav Stresemann?
He had been a member of Germany’s parliament since 1907, and was one to agree to the Treaty of Versailles.
What were the 4 main problems in Germany that were recovered between 1924 to 1929.
- Hyperinflation crisis
- French and Belgian troops invaded the Ruhr when Germans stopped paying reparations
- Germany was no longer considered a great power, its status in the world had declines
- German industries were in trouble after the war, there were few jobs and services
What was Stresemann’s solution to the hyperinflation crisis?
He stopped the printing of old paper money and replaced it with a temporary, new currency called the Rentenmark. This was replaced by the more stable Reichsmark in 1924 which remained for the next 25 years.
When did Stresemann replace the Rentenmark for the Reichsmark?
1924.
How long did the stable Reichsmark remain for?
The next 25 years.
Was Stresemann’s solution to hyperinflation a success?
Yes, Germans quickly accepted the new currency and hyperinflation ended. However people who had lost savings never got their money back, and blamed Stresemann and his government.
What was Stresemann’s solution to the French and Belgian soldiers invading the Ruhr?
He made a deal with the American Vice President, Charles Dawes, called the Dawes Plan.
What was the Dawes Plan?
Stresemann arranged for the USA to lend money to Germany (800 million gold marks), so Germany could begin to pay what they owed. A repayment schedule was arranged which saw Germany re-start their reparation payments.
How much did the USA lend to Germany in the Dawes Plan?
800 million gold marks.
Was Stresemann’s solution to the French and Belgian Soldiers invading the Ruhr succesful?
Yes, French and Belgian troops left eh Ruhr. However, some Germans felt he had ‘given in’ to the bullying tactics and should have demanded an end to the reparations all together.
When was the Young Plan?
1929.
What was the Young Plan?
Stresemann negotiated the reparations down from £6.6 billion to £1.8 billion - and Germany was given longer to pay it.
What was Streseman’s solution to Germany no longer being considered a great power?
-He worked hard to improve Germany’s relationships with other nations.
-In 1925, Germany signed the Locarno Pact with Britain, France, Belgium and Italy. They promised to never invade each other.
-In 1926, Germany joined the League of Nations.
-In 1928, Germany signed the Kellog-Briand Pact - the participating countries agreed to never go to war against each other.
Was Stresemann’s solution to Germany no longer being considered a great power a success?
Yes, Germany regained it’s international status and became an important part of the League of Nations. However some right-wing Germans criticised Stresemann for not demanding back land taken during the Treaty of Versailles.