The recovery of Germany 1923-29 Flashcards
(18 cards)
Who was Stresemann
Gustav Stresemann became the chancellor in August 1923 as leader of the great coalition government which was made up of germanys four main parties
How did Stresemann stabilise the mark
-to counter hyperinflation Stresemann ended passive resistance in the Ruhr and introduced a new currency, the Rentenmark in November 1923
-it was then converted into the Reichsmark in 1924
This stabilised the German economy
What was the Dawes plan
-the plan restructured how Germany would pay reparations:payments would start at 1 billion marks rising to 2.5 billion marks over the course of five years
-it required the french to withdraw from the Ruhr and gave the allies partial control over the Reichsbank
-the Dawes plan also included a US loan of 800 million gold marks to support the German economy
-in the next six years Germany borrowed over 25 million marks from the USA which they then used to grow the German industry between 1923-29
What was the effect of the Dawes plan
-more jobs created and germanys increased wealth led to more infrastructure being built and the standard of living increasing
-it helped Germany reduce the impact of the treaty of Versailles + regenerate the German economy
When was the stabilising of the mark
1923
When was the Dawes plan
1924
What was the young plan
The young pan built on the Dawes plan
-reparations payments were set to a time scale giving Germany 59 years to pay
-the overall amount was reduced by 20% with an agreed annual payment of 2 billion marks
-in return the french agreed to end their occupation of the Rhineland 5 years early in 1930
When was the young plan
1929
How did the Weimar Republic recover politically
There was a more stable government, the leaders were more popular with people, little support for extremist parties, international treaties restored germanys place as a great and respected power
How did the weinmar republic recover economically
Rentenmark stabilised German currency, American loans supported German economy, new factories were built across the country growing the industry
What were the Locarno treaties
-Stresemann followed a policy of fulfilment meaning he sought to improve relations with countries such as Britain and France
-the Locarno treaties confirmed Germany’s borders with France and Belgium outlawing the use of force to alter them
-Germany acknowledged French ownership of Alsace lorraine in return for french not invading Ruhr again
-this improved trust and security in both countries
When were the Locarno treaties
1925
What was the League of Nations
In 1926 Germany was admitted to the League of Nations where it was given a permanent seat on the council alongside Britain and France etc.
What were the effects of the Locarno treaties and the League of Nations
-improved trust and security between countries
-recognised Germanys renewed status as a great power
When were the League of Nations
1926
What was the Kellogg-Briand pact
The pact signed by 62 countries including Germany, Britain, France, usa agreed they would only use armies for self defence and future disputed would be solved by peaceful means
When was the Kellogg-Briand pact
1928
What were the effects of the Kellogg-Briand pact
-improved trust and peace between countries
