531056
1924 - 1929 The Golden Years
- Stressemann
- Good speaker and administrator
- Appointed chancellor to deal with hyperinflation
- Lost support of Reichstag
- Called off passive resistance in the Ruhr
- Became foreign secretary
- Good speaker and administrator
- Successes
- Introduced Dawes plan 1924
- Included US loan of 800m gold marks
- Germany borrowed $3000m from US banks
- Included US loan of 800m gold marks
- Introduced temporary currency called the Rentenmark
- Could be exchanged for land or industry
- Following year converted into Reichsmark
- Restored value and reduced inflation
- Restored value and reduced inflation
- Could be exchanged for land or industry
- Improved relations with Britain and France
- Ended passive resistance in the Ruhr
- Signed Locarno Treaties of 1925
- Awarded Nobel Peace Prize
- Took Germany into league of nations
- 1928 - Germany signed Kellog-Briand pact
- Payments would start at £50m and
increase to £150m over 5 year period
- Introduced Dawes plan 1924
- Failures
- German nationalists didnt like Dawes plan
- Gave Allies partial control over
Germany's railways and the German
state bank
- Gave Allies partial control over
Germany's railways and the German
state bank
- German nationalists didnt like young plan
- Against further payments of reparations
- Against further payments of reparations
- German nationalists didnt like Dawes plan
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