The Recovery of the Republic 1924-29

• What years mark the recovery of the Weimar Republic?

  1924-29
• What plan was introduced to aid the Weimar Republic's economy?

  The Dawes Plan
• What currency was introduced to stabilize the German economy?

  The Rentenmark
• What was the purpose of US loans for Germany?

  To aid economic recovery
• What were the key aspects of political stability in the Weimar Republic from 1924 to 1929?

  • Greater support for the parties that supported the Weimar Republic
  • Less support for extremist groups like Nazis
  • Key figures: Stresemann (successful abroad made him the most popular political leader of the Weimar Republic) and Paul von Hindenburg (Germany’s war leaders between 1914-18)
• How many members did the Social Democrats have in the Reichstag in May 1924?

  100 members
• How many members did the Nazis have in the Reichstag in May 1928?

  12 members
• Why was Stresemann popular during the Weimar Republic?

  Due to his successes abroad
• What role did Hindenburg play in the Weimar Republic?

  He was elected President in 1925
• What were the economic conditions in Germany from 1924 to 1929?

  • Economic recovery observed
  • Loans from the USA boosted economy
  • Industrial growth and public works increased
  • Workers generally better off with rising wages
• What was the impact of hyperinflation on large businesses?

  They paid off many debts
• What was the average working day during this period?

  Eight hours
• What contributed to better relations between workers and employers?

  State arbitration took a middle line
• What were the economic successes of the Weimar Republic post-World War I?

  • Recovery from reparations issues
  • Economic stimulus from Ruhr occupation
  • Rising incomes and consumption goods
  • Expansion in agricultural land
• How did the German economy perform in terms of productivity during this period?

  Higher productivity and production levels
• What was the effect of the exchange rate on purchasing power?

  Increased purchasing power despite lower wages
• Did the Weimar economy suffer from unemployment during this period?

  No, especially in the industrial base
• What was the state of the German economy before the Great Depression?

  It was in a relatively sound state
• What was the vicious circle of payments involving the USA and Germany?

  • USA loans to Germany
  • Germany pays reparations to France and Britain
  • France and Britain repay debts to the USA
• What was the peak year for unemployment in Germany during this period?

  1925
• What were the key foreign policies of Stresemann?

  • Kellogg-Briand Pact
  • Locarno Pact
  • Participation in the League of Nations