how did stresman recover the german economy

Cards (16)

  • Rentenmark
    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's advantages of the Young Plan
    The plan helped stabilize the German economy, restored confidence in the mark, and improved international relations