Stesemann - Recovery of Germany.

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  • Created by: Max ww
  • Created on: 07-03-17 16:35
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  • Recovery of Germany 1924-29
    • Role of Stresemann in recovery.
      • appointed chancellor 1923
      • negotiated with France to end Ruhr occupation.
      • introduced new currency to end inflation called Retenmark.
      • new national bank to control currency - this restored confidence.
      • 1924 he negotiated the Dawes Plan with USA to reduce size of reparation installment and provide Germany with loans used to build and modernise factories
      • 1929 young plan brought new loans and reparation reduced and spread over 60 years.
      • this all boosted confidence and between 1924-29 they revived 25 billion gold marks in loan. 3 times more than reparation payments.
      • by 1929 Germany was 2nd in industry production to the USA.
    • Stresemann restoring relationships.
      • 1924 Stresemann became foreign Secretary and did it until he died in 1929.
      • Germany joined League of Nations - felt more National community.
      • Lacarno Pact 1925 accepted it's 1919 westen frontiers agreed changes in east would be negotiation only.
      • Kellogg Briand Pact of 1928 saw Germany along with 44 other Countries, renounced war.
    • Stresemanns achievements
      • Restored economic stability.
      • regained a place on international stage.
      • Kept support of moderate parties on left and right.
      • Steered Germany out of early difficult period.
      • died and wrong time when world was going into economic darkness of the Great Depression.

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