Main events in the Stresemann era

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  • Main events taken by Stresemann
    • League of nations
      • Persuaded, in 1926, to be a member of league of nations.
      • He wanted Germany to have equality and co-operate with other nations in the league.
      • Most people were happy that the effects from the treaty were going away.
      • Some political parties hated it because it was a sign of the treaty.
    • Dawes plan
      • Reparations would be reduced to an affordable level.
      • 1924
      • Depended on American loans to re-build economy.
      • US banks gave loans to German industry.
      • French agreed to leave the Ruhr.
      • Industrial output doubled
      • Employment went up.
      • Imports and exports increased
      • Government income from taxes improved.
    • Locarno pact
      • 1925
      • Germany agreed to keep 1919 borders with France & Belgium
      • France promised peace.
      • Agreed to open talks about the German membership in the league of nations.
      • Made war in Europe less likely.
      • Stresemann given noble peace prize.
      • Germany was equal.
      • Political parties hatred of borders had been confirmed.
    • Currency reform
      • He set up a new state owned bank, the Rentenbank.
      • Set up a new currency, The Rentenmark.
      • 1923 & 24
      • Printed in limited supply.
      • German money was trusted at home and abroad.
      • It had real value so hyperinflation stopped.
    • Kellogg-Briand pact
      • Germany and 61 nations signed Kellogg-Briand pact.
      • Promised not to use war to achieve foreign policy aims.
      • Signing it was Germany's way of forming a better relationship with France and the USA.
      • Shown as a respective member of the world community.
      • Weimar Republic was now a success.
      • August 1928
    • Young plan
      • Given a further 59 years to pay reparations.
      • Total reparations reduced from 6.6 billion to 2 billion.
      • 1929
      • Possible for government to lower taxes.
      • Boosted industry and employment in Germany.
      • Hitler said 'passing on penalty to the unborn'.


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