The Recovery Of Weimar Germany Flashcards
(48 cards)
Who was Gustav Stesemann
He became chancellor in august 1923. He was a nationalist
What were Stresemanns aims for Germany
-bring inflation under control
-regain europes respect
-minimise the support for the extremist parties
When was Rentenmark made
November 1923
What was Reichsbank and when was it made
It was a bank to control the Rentenmark
August 1924
What did the Reichsmark allow
Allowed German businesses to trade with foreign countries
Why was the Dawes Plan needed
Since Germany could not repay its reparations stated in the Treaty of Versailles, hyperinflation in 1923 led to the allies to consider reducing Germany’s reparation bill.
What was the terms of the Dawes Plan
-the temporary reduction of reparations to £50 million a year
-a guarantee of US bank loans for German industry
What were the impacts of the Dawes Plan
-reparations became more manageable
-USA gave $25 billion to German industry
How did Germans react to the Dawes Plan
Extremist party’s- disagreed and thought they should not be paying reparations
Citizens- agreed and were convinced it would make them stronger
Critics - were worried that Germany were dependant of the US
When did the allies reduce reparations even further
June/August 1929
What was the further decrease of reparations called
The young plan
What were the terms of the young plan
- reduction of total reparations from £6.6 billion to £2 billion
-the allies extened rhe time that Germany had to repay their reparation debts they had to be fully payed by 1988
What were the impacts of the young plan
-the government was able to lower taxes
-boosted germanys industry and created more jobs
-the government had more money to spend
-there was less pressure on Germany to pay of reparations debt
-85% of the voters were in favour of the young plan
Did Weimar economy recover by 1929 (argument that it did)
It was in debate
-living standards improved
-average working wages increased
-unemployment decreased
-Germany fulfilled its reparations payments until 1929
Did Weimar economy recover by 1929 (argument it didn’t)
It was in debate
-Britain, France and Germany were gambling their economies
-dangers of involving accepting American loans
-Germany was dependant on USA
-being dependent on USA caused he Wall Street crash in 1929
Germany took 92 years to pay off reparations
What were the Locarno treaties
A series of argument between Germany Britain France Italy and Belgium
What were the terms of the Locarno treaties
-France and Germany promised to keep peace with each other
-Germany accepted its western boarders as stated in the 1919 treaty of Versailles (this made extremist party’s angry)
-all members promised to keep the Rhineland demilitarised
-they explored the possibilities of admitting Germany into the League of Nations
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What were the impacts of Locarno treaties
-they were considered Stresemanns greatest achievement because they
-reduced the possibility of future wars
-improved the reputation of of the Weimar Republic nationally and internationally
What year was Stresemann and french foreign minister awarded the Nobel prize
1926
What was the League of Nations
A forum where counties could discuss problems before resorting to armed conflict
Why was Germany not originally a member of League of Nations
French president wanted revenge. He believed that Germany started the First World War. The treaty of Versailles banned Germany from joining the league of nations
