Germany - the golden years Flashcards
what issues were gemrnay suffering in 1923 (x7)
poor reputation
political unrest
unemployment
poor economy
french+belgian invasion of ruhr
munich putsch
hyperflation
why was hyperinflation a problem
prices going up constantly
mark dropping value
people struggling to buy food
how did gustav streseman solve hyperinflation
stop printing old money and replace it with rentenmark
1 rentenmark = 3 billion marks
1924, rentenmark replaced with permanent currency called reichsmark
was gustavs solution to hyperinflation successful
yes, very
germans accepted new currency and hyperinflation ended
middle class germans who lost all savings never got money back
how was the french+belgian invasion of the ruhr a problem
ruhr was the industrial zone of germany and only way germany could make money
stopped producing materials, germany stopped making money
how did streseman solve the french+belgian invasion of the ruhr
spoke to charles dawes and arranged to borrow 800 million gold marks from USA
germany began to pay what they owed
called the DAWES PLAN
french+belgians left
what was the young plan
1929, streseman negotiated reparation down to 1.8bn and germany was given longer to pay it
was stresemans solution to the french+belgian invasion of the ruhr successful
some germans felt streseman had given into bullying of french+belgians
but was pretty successful
how did streseman solve germanys bad reputation
signed locarno treaty with britain, france, belgium, italy.
1926, germany joined league of nations
1928, signed kellogg-briand pact promising to never go to war
how succcessful was stresemans way of gaining back germanys reputation
regained international status
became important part of LoN
right-wing germans criticised stresemann for not demanding back land
why was germany being run down after the war a problem
factories in poor conditions
high levels of unemployment
schools, homes, hospitals in bad condition
how did streseman solve germany being run down
used some money from dawes plan to build new factories, houses, schools, roads
american companies (for, gillette) built factories in germany
what did the dawes plan 1924 do
lower reparations
borrow 800m marks from the USA
what did the young plan 1930 do
lower reparations by 20%
continue loans from USA
what did the locarno treaty 1925 do
force germany, france, and belgium to respect the post-versailles borders (preventing more invasions of the ruhr)
