Germany's economic recovery
- New currency: calls of passive resistance in Ruhr - Germany can begin to make new currency: restores faith in financial system.
- Loans: Dawes & Young plan - USA loaned Germany 800 million gold marks: massive industry boost & allowed Germany to pay reparations again. However Wall-Street crash (1929) meant USA couldn't afford to pay loans
- Reparations: Stresseman argued acceptance of TOV to improve foreign relations. Due to Dawes Plan: reparations decreased
- Diplomacy: to improve Germanys defences. 1925 Locarno agreements provided reassurance for the French.
- Locarno agreement - (1925) Peace pact
- The League of Nations - (1926) gave Germany more equality
- Kellog-Briand pact - (1928) signed to outlaw war
Comments
No comments have yet been made