Golden Years 1924-28

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  • Golden Years 1924-28
    • Economic Recovery
      • Rentenmark- new currency
      • 1924-Dawes plan- short term USA loans to pay reparations
      • Production +
      • Exports rose by 40%
      • Wages + 5-10% by 1928
    • Economic problems
      • Imports always higher than exports
      • Unemployment never below 1.3 million
      • People reluctant to invest after hyperinflation
    • Political recovery
      • By 1928 Naxis only received 2.6% vote
      • Grand coalition formed under Muller. 60& support of Reichstag
    • Political problems
      • longest coalition only 21 months
      • Dnvp moved to extreme right
      • SPD remained divided
      • Appointment of Hindenburg- no sympathy for Republic
    • Streseman foreign policy
      • Locarno Pact-removed threat of another french occ. of Ruhr
      • 1926 League of Nations- permanent member
      • Young Plan- reduced overall reparation sum. Nationalists argued against paying at all.

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