Stresemann 1924-29

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The Dawes plan

THE DAWES PLAN (1924)

  • Reparations would begin at 1 billion marks for the first year and would increase over a period of four years to 2.5 billion marks per year
  • The ruhr was evacuated by allies
  • The german reichsbank would be reoranised 
  • The USA would give allies to Germany
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US loans

US loans (1924)

  • US loans began at 800 million marks
  • Over 6 years later banks and companies gave nearly $3000 million
  • This allowed Germany's economy to recover and allow Germany to pay reperations 
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The rentenmark

The rentenmark (1924)

  • Hyperinflation of 1923 destroyed Germany's economy 
  • Stresemann introduced a temporary currency- the rentenmark
  • This was issued based on property value not Gold value
  • It restored confidence in Germany's currency and people 
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The young plan

The young plan (1929)

  • Thanks to the dawes plan Germany could now pay reparations
  • An american banker, Owen Young, investegated the reparations
  • He came up with a new plan that reduced the reparations by three quarters- from £6600 million to £1850 million
  • He also gave Germany more time to pay it, he gave them 59 years.
  • This allowed Germany to pay 2.05 million a year
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The locarno treaty

The locarno treaty (1925)

  • Stresemann wanted to improve relationships with Britain and France, to restore Germany's international prestige
  • The aim of this was also to reduce the harshness of the Treat of Versailles
  • The locarno treaty was signed in 1925 by Germany, France, Britain, Belgium and Italy
  • The agreement allowed borders to be kept between Germany, Beldium and France
  • The locarno Treaty also allowed Germany to return the the European international scene
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The league of Nations

The league of Nations (1926)

  • The Locarno treaty allowed Germany to join the League of Nations
  • The league of Nations is a international organisation set up in 1920, to maintain peace
  • In 1926 Germany were given a permanent seat in the League of Nations
  • This gave Stresemann prestige and 'Great power'
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The kellogg-Briand pact

The Kellogg-Briand pact (1928)

  • Germany signed the Kellogg-Briand pact along with 64 other nations in 1928
  • It was agreed to keep Peace that all counries would keep armies for ONLY self defens

As a result of Stresemann foreign polices;

  • in 1925 France withdrew from the Ruhr
  • the allies agreed to the Dawes plan and the /young plan
  • in 1927 aliied trops with drew from the Rhine- this is 6 years earleir than planned
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