Streseman Years
Cards (14)
- StresemanChancellor of Germany for a short time but most effective as foreign minister 1924-29
- RentenmarkStresemann introduced a new currency in 1924 which ended hyperinflation and the currency was stabilised until the end of WW2
- ResentfulThose who had lost their savings during hyperinflation did not get their money back and blamed Stresemann
- Dawes PlanThe USA lent Germany 800 million gold marks in 1924
- Reparation Payments ResumeThe Dawes Plan enabled Germany to start paying reparations again so the French and Belgian troops left the Ruhr and the workers went back to work
- League of NationsThe war guilt clause of the treaty of Versailles had painted Germany as an aggressor preventing Germany's membership of this group of influential nations until 1926
- Locarno PactAgreements not to go to war with each between Germany, France, Italy, Britain and Belgium signed in 1925
- Young PlanAgreed in 1929, this reduced the amount of reparations Germany had to pay and gave them until 1989 to pay them which made the payments more manageable
- Infrastructure InvestmentStresemann used US loans to build new factories, houses, roads and schools. This provided jobs and helped the economy to recover.
- Kellogg-Briand PactIn 1928 Germany, France and the United States signed the agreement promising never to go to war unless it was in defence.
- Left-wing discontentThe Communist Party wanted a socialist system run by workers. They believed the US loans were designed to help factory owners at the expense of workers.
- Right-wing discontentThe Nazis wanted a dictatorship under Hitler and other right-wing parties wanted a single ruler rather democracy and coalitions
- Dancing on a volcanoHow Stresemann described Germany's financial situation as the country was so dependent upon US loans in 1929
- No benefitsFarmers did not gain during the economic recovery between 1924 and 1929 as prices for crops remained low and those who lost savings had not compensation