stressemann's strategy

• august 1923- gustav stressemann was appointed chancellor
• • rentenmark
  • new currency
  • introduced in november 1923
  • backed by price of gold + property values
• dawes plan

  • introduced in 1924
  • restructed germanys annual repirations payments
  • temporarily made to 50 million pounds a year
  • US agreed to lend 800m gold marks
  • french agreed to leave the ruhr
• young plan

  • introduced in 1929
  • repiration payments set until 1988
  • went from £6.6 billion to £2 billion
• locarno pact

  • introduced in 1925
  • germany agreed to keep its existing borders
  • signed by germany, france, britain, italy and belgium
  • improved relations
• league of nations

  • international peacemaking organisation
  • introduced in 1926
  • proved that germany werent troublemakers