Weimar Recovery Flashcards
What was Stressemens role?
Chancellor of the Weimar Republic 1923-24
What did Stressemen do?
Ended passive resistance
Sacked 700,000 employees to cur public expenditure
created the Reitschbank appointed Hjalmar Schact
What did Hans Luther do?
Introduced the Rentenmark
Weaknesses of the Weimar Republic
Exports only outstripped imports in 1927 1928 and 3million are still unemployed labour unrest over wages and hours 20,000 workdays lost due to strikes Slowest growth of the Big Four
Economic recovery during the Golden Age
Loans of 800 million marks from America
Dawes Plan rescheduled preparation payments
Germany became heavily dependant
Agriculture did not fully recover (depression of 1927)
Political Stability during the Golden Age
Nazis won less than 3% of the vote
1925 Hindenburg was elected president
H wanted to exclude the SPD and bring in the right-wing DNVP
Social Stability during the Golden Age
Wages rose
Eight hour day introduced
Standard of living rose
Welfare benefits and pensions increased
Social Problems during the Golden Age
Farmers workings were still half the national in 1928
Extreme wealth and poverty
Wage disputes and strikes
Concern over the level of taxation
What was the Locarno treaty?
1925
Germany, France, Italy, UK and Belgium guaranteed peace in Western Europe
What was the Dawes Plan?
1924
America loaned 800 million marks to Germany
What was the Young Plan?
1929
Reduced reparation payments from 2,500 million marks a year to 2,000 million.
France would leave the Rhineland by June 1930
Foreign Policy Success?
League of Nations 1926
Flourishing of Culture
Bauhaus movement
Otto Dix (Painter)
Architecture flourished
Golden Age success?
Many were scandalised by the culture
Governments were short-lived due to unstable coalitions.
The economy was burdened by the war
Republic did not win loyalty from the right nor left
