The Golden Years 1923-29 Flashcards
(56 cards)
Who was appointed Chancellor in 1923?
Stresemann
What was Stresemann credited with after 1923?
The recovery of the Government
What was Stresemann during the Golden years?
Foreign secretary
What party was Stresemann the leader of?
The DVP
(right-wing)
What happened in 1923?
Recovery began
What was put in place in 1924?
The Dawes Plan
What happened in Germany in 1925?
- French troops were withdrawn from the Ruhr
- Locarno Pact was signed
What did Germany join in 1926?
The League of Nations
In what year was the Kellogg-Briand Pact?
1928
What did Stresemann create when he was Chancellor?
The Rentenmark, a new currency
What did Germany now face that was the cause of hyperinflation?
War reparations
What did the Rentenmark do?
- Helped end hyperinflation
- Stabilise prices
What was the Reichsmark?
A permanent replacement of the Reichsbank Mark
What year were the Reichsmark and Rentenmark used until?
1948
What was the Dawes Plan?
A temporary solution that helped Germany
What did the Dawes Plan do for Germany? (good results)
- It reduced yearly payments
- Made Allied troops leave the Ruhr
- Stabilised the economy through a loan of 800 million marks from the US
Why was the Dawes Plan bad for Germany?
- It made Germany over-reliant on US funding which was an issue during the Great Depression
What year was the Great Depression?
1929
What did the Dawes Plan propose?
That Germany should pay a fraction of what they were previously paying in reparations
Who took credit for its achievement?
Why was this strange?
- Stresemann
- Because he didn’t originally believe in the plan
What happened in 1929?
The Young Plan was agreed and extended reparations payments
What was the Young Plan?
A permanent solution
What were campaigns launched against in 1929?
The Young Plan
What did the Young plan do to opinions in Germany?
It inflamed nationalist opinions