the 'golden age'

• Who was chosen as chancellor in August 1923?

  Gustav Stresemann
• What caused the German economy to crash in 1923?

  The French invasion of the Ruhr
• What currency did Stresemann implement to control inflation?

  The Rentenmark
• What were the Dawes and Young plans aimed at reducing?

  Germany's reparations payments
• How do historians differ in their views on Stresemann's economic policies?

  Some see success, others see reliance on the USA
• What did some historians argue about the period from 1923 to 1929?

  It was a 'Golden Age'
• What was the consequence of the Wall Street Crash in 1929 for Germany?

  It triggered the downfall of the Weimar Republic
• What was one of Stresemann's aims as chancellor?

  Minimise support for extremist parties
• What was the largest note in circulation before the Rentenmark?

  100 trillion marks
• What was the value of one Rentenmark compared to the old currency?

  One Rentenmark equaled a trillion marks
• What type of currency was the Rentenmark?

  A gold standard currency
• What was established in August 1924 to control the Rentenmark?

  The Reichsbank
• What was the impact of the Dawes Plan on Germany's industrial output?

  It increased by 50% between 1923 and 1928
• Who created the Dawes Plan?

  Charles G. Dawes
• What was one term of the Dawes Plan?

  A temporary reduction of reparations to £50 million
• What was the impact of the Dawes Plan on US bank loans?

  The USA guaranteed loans for German industry
• What did Stresemann mean by saying Germany was “dancing on a volcano”?

  Germany was at risk due to reliance on US loans
• What was the total reparations bill reduced to under the Young Plan?

  £2 billion
• What was one impact of the Young Plan on German citizens?

  Lower taxes for German citizens
• What percentage of voters supported the Young Plan in 1929?

  85%
• How did extremist parties react to Weimar's insistence on fulfilling reparations?

  They were outraged and criticized the government
• When did Germany make its final reparations payment?

  October 2010
• What were the main terms and impacts of the Dawes Plan?

  • Temporary reduction of reparations to £50 million
  • Made reparations manageable
  • US bank loans guaranteed for German industry
  • $25 billion provided from 1924−30
  • Stresemann called off passive resistance in the Ruhr
  • France agreed to leave
• What were the main terms and impacts of the Young Plan?

  • Reduction of total reparations from £6.6 billion to £2 billion
  • Lower taxes for citizens, boosting industry
  • Extended repayment time until 1988
  • Less pressure on Germany
  • Improved relations with Allies
  • France left the Rhineland in 1930
• What are the similarities and differences between the Dawes and Young Plans?

  Similarities:

  • Both aimed to reduce reparations
  • Both involved US financial support

  
  

  Differences:

  • Dawes Plan had a temporary reduction; Young Plan had a permanent reduction
  • Young Plan extended repayment time significantly
• What was the role of Wilhelm Marx in the Weimar Republic?

  Chancellor
• What was the main goal of Stresemann as Foreign Minister?

  To build better relations with Europe
• In what year did the League of Nations accept Germany as a permanent member?

  1926
• Why did Stresemann consider the Locarno Treaties his greatest achievement?

  They reduced the possibility of future wars
• What did the Locarno Treaties aim to achieve regarding Germany's borders?

  Germany accepted its western borders
• What was a significant negative reaction to the Locarno Treaties in Germany?

  They infuriated extremist parties
• Who were the two recipients of the Nobel Peace Prize in 1926?

  Stresemann and Aristide Briand
• What was the purpose of the League of Nations?

  To discuss problems before armed conflict
• What did the Kellogg-Briand Pact state about war?

  War should not resolve disputes
• What was a positive impact of Germany joining the League of Nations?

  Boosted citizens' confidence in the Weimar Republic
• What was a negative impact of the Kellogg-Briand Pact on Germany?

  It did not remove military restrictions
• Who replaced Friedrich Ebert as president?

  Paul von Hindenburg
• What was the political atmosphere in Germany by October 1929?

  Radically changed with fewer coalition governments
• How did Stresemann's policies affect support for extremist parties?

  Reduced support for extremist parties
• What event occurred on 3rd October 1929?

  Stresemann died in office