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Positive developments

By 1930 Germany was one of the leading exporters of manufactured goods
In 1928 industrial production surpassed prewar levels
Germany signed the Young Plan in 1929­ a final agreement on the issue of reparations
New currency was introduced 192324 ­ the Retenmark
The Dawes plan (Loans from America)…

Page 2

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Germany depended on American loans which could be withdrawn at any time
There was nothing to enforce the KellogBriand Pact
Hindenburg was suspicious of democracy ­ asked the old Kaiser for permission

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