Recovery of the Weimar Republic - Five Golden Years; Stresemann

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  • Recovery of the Weimar Republic - Five Golden Years; Stresemann
    • Hyperinflation
      • Solutions: He introduced a new currency, the Rentenmark. This was accepted by the German people and this brought inflation under control
        • However... People who had savings did not get them back and blamed the Weimar Republic.
    • Invasion of the Ruhr
      • Solutions: Stresemann called of passive resistance and promised to pay reparations - the French left the Ruhr and industries started production
        • Some Germans thought that this was weak and Stresemann had given into the French
    • Germany was not trusted by other countries
      • Solutions... Stresemann signed the Locarno Pact which ensured that Britain, France, Belgium and Germany promised not to invade each other. The League of Nations gave Germany a say in major decisions
        • However... Some Germans thought it was weak to agree to this pact
    • Reperations
      • Solutions... Stresemann promised to pay reparations. The Dawes planned tryed to extend the time for the reparations to be paid. The Young Plan reduced the payment to £31,000 million
        • However... Many Germans thought any reparations should be paid - the extension could lead to Germany being in debt till the 1980s
    • Need to rebuild German economy
      • Solutions... Stresemann asked the Usa for loans in order to rebuild the German economy.  Many us firms set up factories in Germany - They set up labour exchanges, unemployment  pay and built 3 million homes  - helped the poor and unemployed
        • However... the economy was dependent on the USA. Wages did not rise for all workers; farmers lost out. Unemployment was still high. Rich people had to pay higher taxes
    • Political Stability
      • Solutions... Stresemann formed a coalition with other moderate parties - the Reichstag could govern efficiently
        • The coalition depended on Stresemann
  • Hyperinflation
    • Solutions: He introduced a new currency, the Rentenmark. This was accepted by the German people and this brought inflation under control
      • However... People who had savings did not get them back and blamed the Weimar Republic.

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