Weimar Germany: Recovery Under Stresemann 1924-1929 Edexcel History 2A revision cards. 5.0 / 5 based on 7 ratings ? HistoryThe interwar years in EuropeGCSEEdexcel Created by: EstherTheBunnyCreated on: 17-06-12 13:01 Simple key points The Dawes Plan- 1924 The Young Plan- 1929 The Locarno Pact-1925 October. Kellogg-Briand Pact-1928 August. Rentenmark-old currency was scrapped and replaced with this one. Stresemann became Chancellor in September 1923, and died October 1929. This improved Germany economy and international relations very much. Economic & Foreign policies. 1 of 7 The Dawes Plan-Economic Set by Charles G Dawes, who was asked by the Allies to resolve non-payment in Germany. Annual payments were reduced to an affordable level. There were American loans. Advantages: Industrial output doubled from 1923-8. Imports and exports increased. Employment went up. Government income from taxation improved. Disadvantages: Extreme political parties were furious that, yet again, Germany agreed to the reparations. Fragile economic recovery depended only on US loans. 2 of 7 The Young Plan-Economic Stresemann agreed this in the last year of his life. It was put forward August 1929 by a committee, set up by the Allies, and headed by an American banker-Owen Young. It reduced the overall reparations amount from £6.6 billion to £2 billion. Also, Germany had another 59 years to pay. Advantages: It reduced the annual amount the government had to pay. It was possible to lower taxes. It released spending power, boosting industry and employment. Disadvantages: Annual payments were still £50 million per year. Payments now stretched until 1988. Extreme political parties were incensed. Hitler said that extending the length of payments was: 'passing on the penalty to the unborn.' 3 of 7 The Locarno Pact-Foreign Also known as the Rhineland Pact, a treaty between Germany, France, Britain, Italy and Belgium. Germany agreed to keep its new 1919 border with France and Belgium. Allied troops left the Rhineland. France promised peace with Germany. the powers agreed to open talks about German membership of the League of Nations. Advantages: Germany was being treated equally, not dictated to. Disadvantages: Some resented that fact that the hated Versailles borders was confirmed. 4 of 7 League of Nations- Foreign. In September 1926, Germany was accepted as a member of the League of Nations. They were on the Leaue of Nations Council- where the most important decisions took place. Stresemann saw it as another step toward equality. Some saw it as a symbol of the hated Treaty of Versailles. In 1926, Stresemann was given the Nobel Peace Prize as a further sign of international approval for Germany. 5 of 7 Kellogg-Briand Pact- Foreign. In August 1928, Germany was one of th 65 countries to sign this. It was an agreement not to use war to achieve foreign policy aims. Germany was more respectable as a member of the international community. 6 of 7 Recovery Confidence was regained in the Weimar Republic. This confidence was reinforced when President Ebert was replaced by Hindenburg, a well-respected ex-field marshal of the German Army. Economic stability was restored. Germany had a place on the international stage. The Weimar Republic was being steered from its troubled early years. However, when he died of a heart attack, it was a severe blow to the Weimar Republic. Later that month, the Wall Street Crash occured. 7 of 7
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