Recovery Of Hyperinflation Flashcards
Who was appointed Chancellor from August to September?
Gustav Stesemann, in 1923
What plan happened in 1924 and what did it do?
The Dawes Plan- where the US loaned nearly $3000 million to Germany to help its economic recovery.
What did Stresemann introduce in November 1923?
A temporary currency called the Rentenmark
What did the Young Plan do and when was it put into action?
The Young Plan in 1929 reduced the amount of reparations Germany had to pay from £6.6 billion to £1.8 billion, and the amount of time Germany had to pay back the reparations was extended to 59 years
What was the Locarno Pact and when did it begin?
It began in 1925, and was when France, Belgium and Britain agreed to keep its existing borders
What happened in 1926 to Germany?
In 1926, Germany was given a permanent place in the League of Nations
What Pact was made in 1928 and what did it do?
The Kellogg-Brian Pact meant that armies would only be used for self defence
