What was the name of the man who stopped hyperinflation and who was the chancellor of Germany?
Gustav Stresemann
1 of 15
What did Stresemann do to stop hyperinflation?
He called off passive resistance and he set up a new currency called the rentenmark
2 of 15
What did the rentenmark change to and why did it change?
It changed to the reichsmark because it was placed under control of the reichsmark.
3 of 15
What is the Dawes plan?
In 1924, Banks in the US loaned 800 million Reichsmarks to German industries. Reparation instalments (fixed regular payments) were temporarily made £50 million a year.
4 of 15
What was the young plan?
In 1929, the Young Plan planned to lower the total reparations from £6.6 billion to £2 billion. The payments would continue until 1988.
5 of 15
Why did the young plan stop in 1929?
The Wall Street Crash
6 of 15
How did the Wall Street Crash affect Germany?
During the four years after the wall street crash, trading around the world went down by 60%. This got rid of any chances of Germany paying their reparations through exports
7 of 15
What 3 things happened to the economy when Stresemann was chancellor?
1 German industrial production rose above 1913 levels by 1928 2 Between 1925 and 1929, exports rose by 40% 3 In 1927, pension, health and unemployment schemes were created.
8 of 15
What was Stresemanns three main foreign policy achievements
The Locarno Pact, the league of nations and the Kellogg-Briand pact
9 of 15
What happened to the extremist parties, such as the Nazi's and the Communists, when Stresemann was chancellor?
Their popularity decreased because of how well Stresemann was doing.
10 of 15
What is the locarno pact?
In this pact, Germany recognised their borders with France and the demilitarisation (withdrawing military from an area) of the Rhineland. It was signed with the UK, France, Italy and Belguim
11 of 15
What is the league of nations?
In 1926, Germany was invited to join the League of Nations. US president Woodrow Wilson set up the League of Nations, which was an international peacekeeping body.
12 of 15
What is the Kellogg-Briand pact?
In 1928, Germany signed the Kellogg-Briand Pact with 62 other countries. In this pact, countries agreed to disarm (give up or reduce armed forces) and not use war to resolve disagreements.
13 of 15
What were two threats to the Weimar republic at this time?
The Germans still hated the Treaty of Versailles and the League of nations. Also, even though they weren't popular, the communists and the Nazi's still existed.
14 of 15
What prize did Stresemann win?
The Nobel Peace Prize
15 of 15
Other cards in this set
Card 2
Front
What did Stresemann do to stop hyperinflation?
Back
He called off passive resistance and he set up a new currency called the rentenmark
Card 3
Front
What did the rentenmark change to and why did it change?
Comments
No comments have yet been made