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"Stresemann was successful in overcoming Germany's problems in the years 1924-9" Do you
1924 Dawes Plan
1926 Germany joined the league of nations
Between 1924-9 Germany borrowed 300 million dollars from the USA
Between the years 1924 1929, Gustav Stresemann was the foreign secretary in Germany.
He had four main problems to solve; the effects of Hyperinflation, people's mistrust of Germany, the
French troops in the Ruhr and the lack of industry in Germany at this time. He attempted to solve
these problems using a number of policies and communicating with other countries, especially the
Hyperinflation had caused a huge problem in Germany. This was when Germany printed more
money than they were able to support, and so paper money literally became worthless. In order to
solve this problem, Stresemann stopped the printing of paper money and introduced a new
currency; The Retenmark. This was well accepted by the people of Germany as it stabilized the
German economy, meaning that confidence was restored to the people in Germany. This currency
was replaced again with a permanent currency the next year.
Germany had failed to pay reparations a number of times due to the state of the economy,
and so French troops had occupied the Ruhr. In order to solve this, Stresemann met with France,
Britain and the USA in order to devise the Dawes plan. This meant that reparations were lowered to
an amount Germany could afford to pay. It also meant that Germany was given longer to pay
reparations and was loaned millions of dollars from the US banks. Reparations were gained altered to
around 2000 million marks a year in 1929; this was less that Germany had previously been paying,
and they could afford to do so. The loans from the US were used to help build industry in Germany.
After the 1st World War, there was a total lack of industry in Germany. Schools, houses, roads
and other buildings were all in complete disrepair. Stresemann used the loans from America (as part
of the Dawes Plan) in order to fund the building of new roads, schools, houses and factories.
Factories and roads began to appear all over Germany, creating new jobs, both for factory workers
and for those who built them.
After the Great War, many European countries, as well as America, had no trust for Germany
and did not regard it as a major power; they were not allowed to participate in any major decisions
made by the other countries, and they were not allowed to join the League of Nations for many
years. In order to solve this problem, Stresemann did a number of things. In 1925, Germany signed
the Locarno Pact with France, Britain, Italy and Belgium, which stated that they would not invade each
other. This lead to a period of cooperation in Europe. In 1926, Germany was allowed to join the
League of Nations. This was significant as it meant that Germany was once again beginning to be seen
as a great power. In 1928, Stresemann signed the Kellogg-Briand pact, in which Germany agreed not
to attack any country unless they were attacked, as did the other countries who signed. By 1929,
Germany was seen as a great power once again, and was able to participate in discussions regarding
major decisions which were to be made.
Although Stresemann was hugely successful in solving some of Germany's problems, there
were still some problems which he couldn't solve, and some of his policies left Germany with issues.
The constitution of the Weimar Republic had a huge flaw in that it meant that no one party could ever
achieve an overall majority, as well as the fact that Hindenburg did not fully agree with it. Many
people resented the Dawes Plan (because they did not want to rely on help from the Allies, and also
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Allies did gain a lot of control over Germany through the agreement) and the Young Plan
(because they felt that Germany should not have to pay reparations at all). The Nazis and communists
still existed, and it was because of this that they were able to get their views heard.
The German economic recovery was very dependent on US loans, which would later become
a huge problem.…read more