C: The recovery of the Republic 1924-29

• Who became Chancellor and Foreign Secretary of Germany in August 1923?

  Gustav Stresemann
• What action did Stresemann take regarding passive resistance?


  He stopped passive resistance.
• What new state-owned bank did Stresemann set up in November 1923?


  The Rentenbank
• What was the Rentenmark tied to?


  Its value was tied to the price of gold.
• What backed the Rentenmark?


  It was backed by German industrial goods and agricultural lands.
• What was the new currency issued by Stresemann called?


  The Rentenmark
• What happened to the Rentenmark in August 1924?


  It was renamed the Reichsmark and controlled by the Reichsbank.
• What backed the value of the Reichsmark?


  Its value was backed by Germany’s gold reserves.
• What was the outcome of Stresemann's actions regarding currency?


  These actions ended the problem of hyperinflation.
• Who was tasked with resolving Germany’s non-payment of reparations?


  Charles G. Dawes
• What was agreed upon in April 1924 regarding reparations?


  Reparations would be temporarily reduced to £50 million a year.
• How much money did US banks loan to German industry between 1924 and 1930?

  $225 billion
• What was the effect of the Dawes Plan on industrial output?


  Industrial output increased, surpassing pre-World War levels.
• What was one of the economic benefits of the Dawes Plan?


  Employment, trade, and income from taxation increased.
• Who headed the Young Plan set up by the Allies in 1929?


  Owen Young
• What did the Young Plan reduce the total reparations from?


  From £6.6 billion to £2 billion
• How long was Germany given to pay the reduced reparations under the Young Plan?


  50 years
• What autonomy was granted to Germany under the Young Plan?


  It allowed the government to lower taxes on ordinary German people.
• What was the impact of lower taxes under the Young Plan?


  It boosted German industry and created more jobs.
• When was the Locarno Pact signed?


  On 16th December 1925
• What countries were involved in the Locarno Pact?


  Germany, Britain, France, Italy, and Belgium
• What did Germany and Italy agree to in the Locarno Pact?


  They agreed to peace with France.
• What did the Locarno Pact stipulate about the border with France?


  The border would be permanently demilitarised.
• How did the Locarno Pact affect Germany's international standing?


  Germany was treated as an equal and gained confidence.
• When was Germany admitted to the League of Nations?


  In September 1926
• What position did Germany hold in the League of Nations after its admission?


  Germany was given a place in the League of Nations Council.
• What was the purpose of the Kellogg-Briand Pact signed in August 1928?


  To promise that states would not use war to achieve foreign policy aims.
• How did the Kellogg-Briand Pact affect Germany's status among nations?


  It showed that Germany was amongst the main powers, not dictated to by others.
• What was one of the outcomes of the Kellogg-Briand Pact for the Weimar Republic?


  It boosted its public prestige.
• What limitation did the Kellogg-Briand Pact have regarding the Treaty of Versailles?


  It did nothing to remove the hated terms of the Treaty of Versailles.