A new currency introduced in 1923 by Stresemann to replace the old mark and stabilize the German economy
who was gustav stresemann
he served as a chancellor in 1923 and then again as foreign minister from 1923-1929
what was one rentomark equivalent too
1 trillion marks
what was the mark backed by
gold
what was the renton mark backed by
industry, agriculture and land
when was the renton mark introduced
1923
what did the renton mark address
the issue of hyper inflation
how did the introduction of the renton mark help the german people
it helped restore people's confidence in the economy and the value of money was recovered
Dawes Plan
A reparation plan for Germany after WWI, requiring £6.5 billion in reparations, divided into 5 annual payments, aimed to stabilize the German economy and reduce hyperinflation
who loaned germany money
the USA
how did the united states help the german economy recover
the loan helped to rebuild the german industry
how was the daws plan and the young plan different
The young plan acted as a more permanent solution
due to the young plan when was the debt payment period extended too
1988
what did the young plan reduce the reparations by
20%
Young Plan
A reparations plan introduced in 1929 to settle Germany's war debts
Stresemann'sadvantages of the Young Plan
The plan helped stabilize the German economy, restored confidence in the mark, and improved international relations