Was the Weimar republic ever a success? Flashcards
Hyperinflation - policy
Stresemann created/introduced new currency called the Rentenmark
Reichbank controlled printing of money
Gov. out of control
Hyperinflation positive results
Ended hyperinflation
Economy recovered
Hyperinflation problems
Many lost savings and made poorer
Anger and blame
Hyperinflation Success or failure?
Success
Stabilised the economy
French occupation of the Ruhr - policy
Passive resistance called off
Promised to carry on paying reparations
French occupation of the Ruhr Positive results
French retreated
French occupation of the Ruhr Problems
Unpopular method
People disagreed, particularly right wing extremists
Thought to be a sign of weakness
Germany was not trusted by other countries - policy
Stresemann decided to cooperate with other countries by making treaties and agreements
Germany was not trusted by other countries Positive results
Joined League of nations
Signed Locarno pacts
Promised not to invade one another
Stresemann - awarded Nobel Peace Prize
Germany was not trusted by other countries Problems
Thought he was weaker as he just ‘gave in’
Germany was not trusted by other countries Success or failure?
Success
One of biggest as could now be trusted
Germany faced massive reparations - policy
Promised to pay reparations
Borrow money from America in Dawes plan
Germany faced massive reparations Positive results
Ger. given longer length of time to repay
1929 - Young plan lowered reparation price to 1/3 of original
Germany faced massive reparations Problems
Dawes plan did not reduce cost
Young plan - hated by many Ger. who thought they should not pay
Germany faced massive reparations Success or failure?
Yes - short term
No - Long term (risky)
