Why was the Weimar Republic able to survive in the years 1924-29? Flashcards
Why was the Weimar Republic able to survive in the years 1924-29?
A new currency
Young Plan/Dawes Plan
Locarno Pact
Gustav Stresemann
Why was the Weimar Republic able to survive in the years 1924-29?
A New Currency
Rentenmark - Hyperinflation proved to many that the old mark was of no use. Germany needed a new currency. In September 1923, Germany had a new chancellor, the very able Gustav Stresemann. He immediately called off passive resistance and ordered the workers in the Ruhr to go back to work. He knew that this was the only common sense approach to a crisis. The mark was replaced with the Rentenmark which was backed with American gold.
Why was the Weimar Republic able to survive in the years 1924-29?
Gustav Stresemann & The Dawes Plan
In 1924, the Dawes Plan was announced. This plan, created by Charles Dawes, an American, set realistic targets for German reparation payments. For example, in 1924, the figure was set at £50 million as opposed to the £2 billion of 1922. The American government also loaned Germany $200 million.
Why was the Weimar Republic able to survive in the years 1924-29?
Locarno Pact
Locarno Pact - The Locarno Pact was singed in October 1925. It was signed by Britain, France, Germany, Italy, Belgium, Poland and Czechoslovakia.
The terms of the treaty were:
Germany accepted the borders with France and Belgium that were decided in the Treaty of Versailles and Britain and Italy said they would protect France if Germany violated these borders
Germany accepted that the Rhineland would remain a demilitarised zone
The agreements meant that Germany could join the League of Nations and in 1926 they did.
Why was the Weimar Republic able to survive in the years 1924-29?
Gustav Stresemann
He was Chancellor of Germany for 100 days in 1923.
