Recovery of Germany 1924-29
- Created by: shawolEXOL
- Created on: 08-04-16 19:15
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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
- Converted to Reichsmark (backed with gold)
- Stabilized currency and people showed confidence in it
- 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
- Called off passive resistance and paid reparations in 1923
- 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
- Gustav Stresemann
- 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
- Unemployment fell
- Weimar Recovery
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