Golden Years of the Weimar Republic
- Created by: hettie.gosss
- Created on: 27-05-19 17:13
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- Golden Years of the Weimar Republic
- Cartels - Group of companies in the same industry - combine together to fix prices and protect profits.
- Tariff - Taxes paid on goods entering a country. makes foreign goods more expensive.
- Economic Armistice - temporary agreement to suspend action, in this case suspend reparations
- Stresemann saw the Dawes Plan as an economic armistice
- Economic Development 1924 - 1929
- Reparation Issue
- Stabilisation of Germany's economy was dependent on settling the reparations issue.
- Dawes Plan confirmed the original sum of £6.6 billion, but it made the payments more manageable. The amount payed each year would be reduced until 1929.
- Germany should also receive a loan of 800 million marks from USA to help.
- In organising the Dawes plan, the Allies accepted that Germany's problems were real.
- Dawes Plan was only temporary and the issue of Allied forces meant that Stresemann had to ask for the issue to be reconsidered in 1929.
- The Young Plan obliged Germany to continue paying reparations until 1988, but the bill was reduced.
- Germany should also receive a loan of 800 million marks from USA to help.
- Nationalist opposition (DNVP/Nazis) attacked the political compromise as they believed Germany should simply refuse to pay reparations.
- However, Germany and the Allies agreed in July 1924 and the French gradually withdrew from the Ruhr.
- Nationalist groups drew up a freedom law - required an end to war guilt and anyone who signed the treaty to be charge with treason.
- 13.8% of the electorate agreed with it, indicating the depth of support for right wing nationalism.
- Reparation Issue
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