Recovery from Hyperinflation
- Created by: Vader26
- Created on: 07-03-22 12:08
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- Recovery from the 1923 Crisis
- Political
- New government set up
- Called off passive resistance against the French in the Ruhr
- Replaced worthless mark with Rentenmark
- French left Ruhr and and hyperinflation stopped
- Support for extremist parties dropped
- French left Ruhr and and hyperinflation stopped
- Replaced worthless mark with Rentenmark
- Called off passive resistance against the French in the Ruhr
- New government set up
- Improved foreign relations
- Stresemann negotiated with the Allies to reduce reparations and secure loans for Germany
- He negotiated the Allies by signing the Locarno Treaties
- Treaty 1 - Rhineland Pact -- France, Belgium and Germany agreed not to attack each other, Germany agreed to keep troops out of the Rhineland, Italy and Britain would stop them fighting
- Treaties 2-5 -- Germany agreed with France, Belgium, Poland and Czechoslovakia that any dispute between them should be settled by talks
- Treaties 6-7 -- France signed "Treaties of Mutual Guarantee" with Poland and Czechoslovakia. These said that France would make sure Germany wouldn't break Treaties 2-5
- He negotiated the Allies by signing the Locarno Treaties
- Stresemann negotiated with the Allies to reduce reparations and secure loans for Germany
- Economic recovery
- Stresemann persuaded the Allies to accept lower reparation payments
- Dawes and Young Plans
- With a stable economy, Germany no longer suffered inflation
- Between 1924 and 1929, foreign banks were no longer hesitant to loan money to Germany
- Nearly 3 million new homes
- In nearly every town, new factories and public facilities sprung up
- New roads and railways
- New airships, ocean liners, radio stations, film studios and telephone networks
- Between 1924 and 1929, foreign banks were no longer hesitant to loan money to Germany
- With a stable economy, Germany no longer suffered inflation
- Dawes and Young Plans
- Stresemann persuaded the Allies to accept lower reparation payments
- Political
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