The Recovery of the Weimar Republic 1924-29

• What crises did Germany face in 1923?

  The French occupation of the Ruhr and hyperinflation
• Who directed Germany's recovery after the crises of 1923?

  Gustav Stresemann
• What role did American loans play in Germany's recovery?

  They provided financial assistance that helped stabilize the economy
• How did the Dawes Plan affect Germany's reparations payments?

  It changed the payment terms to be more manageable based on Germany's capacity to pay
• When was the Dawes Plan agreed upon?

  August 1924
• What was the initial amount of reparations payments under the Dawes Plan?

  1 billion marks for the first year
• What was the maximum amount of reparations payments under the Dawes Plan after four years?

  1. 2.5 billion marks per year
• What happened to the Ruhr area as part of the Dawes Plan?

  It was evacuated by Allied occupation troops
• How did the Dawes Plan affect the German Reichsbank?

  It was reorganized under Allied supervision
• How much did the USA initially loan Germany under the Dawes Plan?

  800 million marks
• What was the total amount of loans given to Germany by US companies and banks over six years?

  Nearly US$3,000 million
• What currency did Stresemann introduce to restore confidence in the German economy?

  The Rentenmark
• What was the basis for the Rentenmark's value?

  It was based on property values rather than gold reserves
• What currency replaced the Rentenmark in 1924?

  The Reichsmark
• What did the Young Plan achieve regarding reparations payments?

  It reduced the reparations figure from £6600 million to £1850 million
• Who was asked to investigate the reparations payments in 1929?

  Owen Young
• How long was the repayment period extended under the Young Plan?

  59 years
• What was the political situation in Germany from 1924 to 1929?

  There was greater political stability with support for moderate parties
• Which party consistently won the most votes in the Reichstag until 1930?

  The Social Democratic Party
• What was the membership trend of the Social Democrats in the Reichstag from May 1924 to May 1928?

  Their membership increased from 100 to 153
• What was the trend in Nazi Party membership in the Reichstag from May 1924 to May 1928?

  Their membership decreased from 32 to 12
• What were the key achievements of Gustav Stresemann during his political career?

  • Appointed foreign secretary in 1923
  • Led Germany's foreign policy until his death in 1929
  • Awarded the Nobel Peace Prize in 1926
  • Helped improve relations with France and Britain
  • Played a key role in the Dawes Plan and Young Plan
• When did Gustav Stresemann die?

  October 1929
• What was the impact of the hyperinflation of 1923 on large businesses in Germany?

  It allowed them to pay off many of their debts