Golden Years 1924-28
- Created by: sophie2222
- Created on: 30-05-14 15:46
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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.
- Economic Recovery
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