The recovery of the Republic 1924-29 and Changes in Society 1924-29 Flashcards
When did Stresseman become chancellor
1923
What did Stresseman do to save the German economy and end hyperinflation
He got rid of the previous currency and created the Renten Mark
When was the Dawes plan introduced
1924
What were the three main components of the Dawes plan
The Ruhr area was to be evacuated by foreign troops. Reparation payments would begin at one billion marks the first year, increasing annually to two and a half billion marks after five years. The Reichsbank would be re-organized under Allied supervision.
What was the result of the Young plan
It cut Germany’s total reparations from £6.6billion to £2 billion. In addition, the Young Plan also gave 59 years to pay reparations
When was the Young plan introduced
1929
How did the UK and US help Germany’s reparations
American and British bankers made a $200 million loan to enable German production to expand and reparations payments to begin.
What happened in the Locarno Pact
Stresemann accepted Germany’s western (not eastern) borders. All countries decided to renounce the use of invasion and force, except in self-defence
What did the Locarno pact do
Improve relationship between East and West
When was the Locarno pact signed
1st December 1925
As well as the Locarno pact, how else did Stresseman improve relationships abroad?
He encouraged Germany to join the League of Nations
When was Germany a member of the League of Nations
Sept 1926
Why did Germany join the Kellog Biad Pact
Germany was included as an equal partner to the other 61 countries, unlike the Treaty of Versailles
When did Germany join the Kellogg biad pact
1928
From 1924-29, How did life in the work place change? (3 answers)
Hourly wages rose in real terms (ie above inflation) every year from 1924 to 1930, with a rise of 10 per cent in 1928 alone.
Pensions and sickness benefits schemes were introduced.
Compulsory unemployment insurance was introduced in 1927, which covered 17 million workers.
