Stresemann

• Who was Gustav Stresemann?

  • Chancellor, 1923
  • Foreign Minister, 1923-29
• What did Stresemann do to help hyperinflation?

  • November 1923, he set up a new currency called "Rentenmark" - held real value
  • August 1924, currency renamed "Reichsmark" placed under control of new bank "Reichsbank"
  • > Hyperinflation stopped