How did Germany recover from the crises of 1919-23?

Solution:

Replace currency with temporary Rentenmark

Solution Success:

Germany was more confident and eventually the Reichsmark replaced it (a currency based on gold reserve)

Solution:

Called off passive resistance and replaced currency

Solution Success:

French agreed to leave Ruhr

Solution:

To get France, America and Britain to accept lower reparation payments

Solution Success:

• Dawes Plan (1924) - Germany agreed to pay as much as they could each year

      USA gave Germany a loan of 800 million marks to start

• Locarno Treaties (1925) - was like a peace treaty and improved Germany's reputation and foreign banks were willing to lend money to German businesses → new facilities

1925 - Germany signed the pact with Britain, France, Italy and Belgium.

This pact marked Germany's return to the European international scene and began a period of cooperation between Britain, France and Belgium.

Germany needed to improve relations with other countries by:

- Reducing worst features

- Restoring international prestige

Kept existing borders between Germany, Belgium and France.

1928 - Germany signed pact with 68 other nations.

Improved relations with Germany and European Nations.

Pact agreed that:

- They would keep their army for self defence

- All international disputes will be solved peacefully

League of Nations - an international organisation designed to keep peace

1920 - Germany became part of the League of Naions because then the Locarno Pact can happen

Stresemann used Germany's position in the League of Nations to bring about the Young Plan

September 1926 - Germany  given a permanent seat in the league of nations → great power status