studied political economy, literature and philosophy in Berlin and Leipzig
1901- he was a clerk at age 22
1906- seat of the town council of Dresden
originally pro war
1917- National Liberal Party
The Weimar was allowed to join the League of Nations in 1926
The Rentenmark:
Introduced November 1923 to tackle hyperinflation
The Rentenmark was used to stabilize the economy
Wasn't backed by Gold but by industrial and agricultural land -> only backed by gold in 1924 in which it was only reserved at 30% of the reichsmark (rentenmarks) worths
Hjalmar Schacht helped keep the Rentenmark in its direction -> eventually working with Hitler
Ending Passive Resistance:
Stresemann called off passive resistance in the Ruhr in September
This was seen as a risky move
Led to the Munich Putsch as it was that unpopular
If Stresemann didn't, the economy would be in ruin
Reduced government expenditure on paying the workers who were resisting the French
Balancing the Budget:
cutting expenditure and raised taxes
wages of government cut
civil servant jobs cut - 300 000 lost their jobs
companies began to not build as much debt, as 6000 companies went bankrupt
government debt fell and confidence was restored
The Dawes Plan (signed 1924):
Plan was drawn under US Banker Charles Dawes
France and Belgium to leave to ruhr
Reparations are the same, but $800 million in US loans
Germany mainly optimistic
Opposition from the DNVP
Apparently Stresemann didn't like the plan as he said -> no more than an economic armistice
Dawes won 1925 Nobel Peace Prize
Charles Dawes:
He became Vice-President of the US in 1924. Studied law for 2 years.
The Young Plan (signed 1929):
Owen D. Young
reduce reparations to £2 billion
extension to 1988
Bank of International Settlements
85% of electorate voted for it
alot of opposition
Owen D. Young:
He was a US lawyer and a businessman. He also helped with the Dawes plan
In 1926, Germany were allowed to join the League of Nations
The Kellogg-Briand Pact (signed 1928)
65 other countries
promised to not use violence when settling disputes
didn't work
The first major test of the pact came just a few years later in 1931, when the Mukden Incident led to the Japanese invasion of Manchuria. Though Japan had signed the pact, the combination of the worldwide depression and a limited desire to go to war to preserve China prevented the League of Nations or the United States from taking any action to enforce it
The Locarno Pact (signed 1925):
Belgium, France, Britain, Italy and Germany
No USA
Outlined western borders
Germany and France + Belgium to not attack eachother other wise Britain and Italy would side with the victim
Not eastern borders, as the Germans didn't agree with the eastern borders
What caused resentment and friction between the USSR and Weimar:
Treaty of Brest-Litovsk – very harsh treaty forced onto Russia by Germany when they exited the war
Spartacist revolt – Spartacists had been supported by Comintern (an organisation controlled by Russian state to spread communism and support groups around the world. They were brutally put down and leader executed
Treaty of Brest-Litovsk:
Lost Ukraine, its Polish and Baltic territories, and Finland. (Ukraine was recovered in 1919, during the Russian Civil War.)
Lost 50% of industry
Lost 27% of farmland
The Treaty of Rapallo, signed in 1922, reestablished diplomatic relations between Germany and the Soviet Union and allowed for economic cooperation.
What caused friction between Germany and the USSR?
Treaty of Brest-Litovsk and the Spartacist uprising
What drew Germany and the USSR together?
Both having lost the war, both threatened by an independent Poland, both seen as outcasts
The Treaty of Rapallo (1922)
Germany allowed to train pilotsand develop weaponry in the USSR