The Stresemann Era Flashcards
Who was gustav stresemann
He was best known as Germanys foreign minister from 1924 until his death in 1929.
How did he deal with the hyperinflation crisis
He stopped the printing of bank notes and replaced the worthless notes with a temporary, new currency called the Rentenmark. In 1924 this was replaced with the reichsmark, a stable currency that remained for the next 25 years. Hyperinflation ended however people who had lost their savings never got their money back and blamed stresemann.
How did stresemann deal with French and Belgian troops in the Ruhr
He arranged for USA to lend money to Germany (800 million gold marks). Germany then restated its reparations payment. This deal was known as the Dawes Plan. The French and Belgian troops left the Ruhr. However some Germans believed that he should have demanded a complete end to reparations. In 1929 through the young plan, stresemann negotiated a reduction in the total payment.
How did stresemann use American loans
To pay reparations but also to build new factories, houses, schools and roads. This meant more jobs, with Germans earning more money. Slowly Germany became more prosperous. However some even stresemann feared that Germany relied too much on American loans
What pact was signed in 1925
The Locarno pact with Britain, France, Belgium and Italy promising to never invade each other.
What did Germany do in 1926
Joined the League of Nations (an international peacekeeping organisation that Germany was previously banned from joining when it was set up in 1919)
What did Germany do in 1926
Joined the League of Nations (an international peacekeeping organisation that Germany was previously banned from joining when it was set up in 1919)
What pact was signed in 1928
The Kellogg Briand pact (the participating countries agreed to never go to war unless in defence)
