Recovery of Germany 1924-29

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  • Recovery of Germany 1924-29
    • Weimar Recovery
      • Gustav Stresemann
        • Called off passive resistance and paid reparations in 1923
          • This meant the French withdrew from Ruhr in 1925
          • Allowed later negotiations over reparations
        • Introduced new currency - Rentenmark
          • Stabilized currency and people showed confidence in it
            • Converted to Reichsmark (backed with gold)
              • Gradually restored the value of German money
        • Negotiated Dawes Plan with the USA
          • Re-organised reparations and brought foreign investment
        • Negotiated German entry to League of Nations in 1926
          • Germany recognized again as great power
      • Used US loans in 1924-20
        • Helped pay reparations and helped German industry
      • Locarno Treaties in 1925
        • Improved relations with UK and France.
        • Guaranteed borders with Belgium, France and Italy
      • Young Plan in 1929
        • Set timescale and reduced repartions
        • France agreed to leave Rhineland earlt
    • Evidence of recovery and remaining problems
      • Unemployment fell
        • But still high compared to other countries
      • Little support for extremist parties
        • They are still voicing their opinions
      • New roads, railways and homes built
        • Mainly due to US loans
      • By 1930, Germany was one of the leading exporters of manufactured goods
        • It was reliant on US loans
      • There were a more stabled government
        • governments were still frequently short-lived coalitions


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