1.3 Recovart Of Rep Flashcards
Recovery of republic ? Date
1924-29
When did stressman get appointed as chancellor + foreign secretary
Aug 1923
Who appointed stressman as the new chancellor and foreign secretary
President ebert
When did stress resign as chancellor
Nov 1923
How long did stress remain as foreign secretary
1929
What was stresses main obj
Make the poiltical situation in Germany more stable
And what did stresses main obj help
Stabalise economy and regain respect for germanys foreign attairs
What would stresses main obj do
Make germans feel more content w germany and reduce support in extremist parties
What was the rentenmark about
In nov 1923 stress set up new state bank called rentenbank which issued new currency rentenmark
Hiw did the rentenmark work
Real value as it was tied up to the price of gold
Notes were strictly limited
Backed up by german industrali plants and agricultural land
What happend in after to the rentenmark
In aug 1924 a newly independent bank called reishbank contrlled currency and renamed reishmark
What did the reishmark now do
Was now trusted and backed up so solved hyperinflation
How did the reishbank help
Gave stonger basis for recovery of german buinesses and improved employment
What did the reishbank not help th
Losses in hyperinflation
Date of dawes plan
1924