Recovery of the Weimar Republic Flashcards
Who was Gustav Stresemann?
He was made Chancellor in 1923 and foreign minister (in charge of Germany’s relations with other countries) in 1926.
What was his general strategy for trying to make Germany stronger than it had been?
He wanted to make the political situation in Germany more stable by growing the economy and improving Germany’s relationship with other countries.
Why did people trust the new Rentenmark currency that was introduced?
It was linked to the price of gold and the value was supported by German industrial plants and agricultural land.
What ended Hyperinflation?
A new national bank called the Reichsbank renamed the new currency the Reichsmark and linked the new currency to Germany’s gold reserves. This meant that the new currency was trusted by everyone and allowed Germany to recover.
What was the Dawes Plan (1924)?
The Dawes plan was an agreement which meant that reparations were reduced to £50 million per year. USA banks agreed to give loans to German industry to help businesses grow.
How exactly did the Dawes and Young Plan help Germany?
It improved the German economy to the benefit of working-class and Middle-class Germans. Germany’s production doubled between 1923 and 1928 and employment, tax income and trade increased.
What was the Young Plan (1929)?
The Young Plan reduced the total reparation debt from £6.6 billion to £2 billion. Germany was also given another 59 years to pay.
Why did political extremists hate the Young Plan?
Because they thought that Germany should not be paying the reparations at all. The Nazis described increasing the time as ‘passing on a penalty to the unborn’.
What good things for Germany did it (Young and Dawes Plan) lead to happening?
It allowed the government to lower taxes. This meant that the government could spend more money which created more jobs. The French finally agreed the leave the Rhineland because of the Young Plan. All of these things increased people’s confidence in the Weimar Republic.
What was the Locarno Pact (1925)?
A treaty between Germany and France to accept their borders and soldiers were removed from the Rhineland as a sign of peace and friendship
What year was Germany accepted into the League of Nations?
1926
Why did some Germans hate the League of Nations?
Reminded them of the horrors of the Treaty of Versailles
What was different about the Locarno Pact compared to T of V?
Locarno was signed in a spirit of cooperation and T of V was a diktat
What happened to support of extremist parties?
It dramatically decreased
What was the Kellogg-Briand Pact?
Germany and 61 other countries agreed to never use war as a way of getting what they want.
