To what extent did life improve under Stresemann? (1924-1929)

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To what extent did life improve under Stresemann? (1924-1929)

Advantages

  • Culturally, Germany flourished e.g. the BAUHAUS art movement, jazz, transvestites, sex, short skirts, Berlin etc.
  • The new currency (RENTENMARK) had replaced the worthless, old, hyper-inflated currency.
  • They had managed to get a loan of the USA (The Dawes Plan) which helped build things like schools, factories etc. This led to more wealth and jobs.
  • The economy appeared to be recovering - industrial production was greater that pre-war levels and Germany was becoming a world leader as an exporter of manufactured goods.
  • Politically, the Weimar seemed to be flourishing. Ebert had died in 1925 and was replaced by Hindenburg, who was a conservative leader.(showed how much support remained for old Germany)

Disadvantages

  • Not everyone approved of the cultural changes e.g. ex-soldiers, people living in the countryside, extremists (like that Nazis)
  • The currency was based on money borrowed from America, which made Germany very dependent on the USA.
  • If the USA wanted the money back, (like if some MAJOR un-expected event happened) then the German economy would crash again and all the old problems would come back.
  • Imports were rising faster than exports which meant that Germany was trading at a cost. (lost land at T of V containing lots of raw materials and industrial factories)
  • Stresemann said it wouldn't last - there were underlying problems underneath ("built on sand")

Evaluation

Overall, life did improve under Stresemann because he managed to create a new currency which was relied upon and helped to recover the German economy and the loans provided by America had provided jobs and more wealth within the country. This also led to an increase in industrial production and was improving culturally (Berlin was known as the new Paris). Furthermore, all this helped to show Germany's peaceful intentions and other countries began to trust Germany again which led to it joining the League of Nations in 1926.

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