Evidence for recovery and remaining problems

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Evidence for recovery and remaining problems

Causes

  • Politics became a bit more stable...
  • Extremist parties were less popular...
  • Unemployment fell...
  • New roads, railways and homes were built...
  • By 1928, German industry was back to pre-war levels...
  • By 1930, Germany was a major exporter...
  • Germany was accepted by other countries again...

Effects

  • ...But there were still plenty of short-lived coalition governments
  • ...But they were still around
  • ...But it was still high compared to some countries
  • ...But this was almost completely due to US loans
  • ...But it slowed down after 1927- farming never picked up much at all
  • ...But it was reliant on US loans and on the USA buying its exports
  • ...But German nationalists hated the Dawes and Young plans

Overall summary

By 1929 the German economy was showing signs of recovering from the disastrous situation in 1923. There were also signs of increasing political stability. Stresemann's successes abroad led to the return of Germany to the international community.

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