Germany Topic 2 Recovery - Stresemann Flashcards
(6 cards)
Intro of Rentenmark
Ends hyperinflation
Intro by Stresemann in Nov 1923
exchanged for 1 trill of old marks
Was a temporary solution to fixing hyperinflation
German people had faith in new currency
1924 - Stresemann set up reichsbank, replaced renten with reich, permanent currency backed in gold - trusted overseas
Dawes Plan
US Loan 800 mil marks
reps payments lowered for 5 yrs
used to boost industry + factories
french agreed to leave Ruhr - reps being paid
allies given control of some of reichsbank and some railways
opp from nationalists - germany agreeing blame by continuing to pay
Young Plan
reps reduced to 2 bill
paid over 59 years
allowed for futher industrial investment
anger from nationalists - Germany having to pay 59 yrs would limit development
Alfred HugenBerg made petition against - 4 mill signed
In dec 1929 only 14% voted against
Locarno Treaty
Germany accepted demilitarised rhineland
Germany accepted alsace lorraine as french - french said wouldn’t occupy ruhr again
voluntary - improved german trust - “made peace more likely”
aloud into LofN
Germany Joins LofN
Sep 1925 - Germany Joins
Significant as big decisions made there
improved german trust
Moderate parties supported his attempt at improving relations
Nationalists hated LofN as reminded them of TofV
Kellogg-Briand Pact
15 Countries met in Paris to agree general treaty for war
outlined Germany as a main power again
Weimar republic respected
Germany trust gained
