Weimar Republic Flashcards
When was hyperinflation?
1923 - Germany was on the verge of social and economic collapse
When was Stresemann made chancellor and foreign secretory?
August 1923
When did Stresemann introduce the new currency?
September 1923
What was the new currency called?
Rentenmark
What was the effect of the new currency?
Only a limited number were printed so they were highly valuable. Old notes were recalled and destroyed - stabilised prices and allowed the recovery of German businesses
When did Stresemann call of passive resistance in the Ruhr?
September 1923
What was the effect of calling off passive resistance in the Ruhr?
Goods were back in production and the government did not have to pay striking workers
When was the Dawes Plan?
1924
Key information about the Dawes Plan
Reparations were temporarily reduced to £50 million a year and Germany would receive loans from the USA ($25 billion loaned between 1924 - 30) - stabilised the economy and provided a frame for the economy to be rebuilt around whilst steadily playing reparations
When was the Young Plan?
1929
Key information about the Young Plan
Permanently reduced the amount Germany had to pay from £6.6 billion to £2 billion and extended the payment time by 59 years (until 1988) - reduced pressure on Germany and showed they were respected by recognising their economic position
When was the Locarno Pact?
1925
Key information about the Locarno Pact
Germany accepted the terms of the Treaty of Versailles and other countries promised not to forcefully invade Germany again - improved relations
Key information about joining the League of Nations
Germany given greater power and status, showing they were viewed positively again. Could affect decisions made by the League and could benefit from produce
When was the Kellogg-Briand Pact?
August 1928
