Stresseman years

Cards (6)

  • Gustav Stresemann was Chancellor of Germany briefly in 1923 and then served as Germany’s Foreign Minister from 1923 to 1929
  • Stresemann's period in office from 1923 to 1929 is often referred to as the 'golden years' of Weimar, during which he helped restore the German economy after World War One
  • In 1923, Stresemann introduced a new currency called the rentenmark to replace the currency damaged by hyperinflation
  • In 1923, Stresemann agreed to The Dawes Plan with the USA, where the USA would lend Germany 800 million gold marks to help them pay their reparations
  • Germany entered the League of Nations under Stresemann's leadership, committing to work peacefully with other countries to solve problems rather than resorting to conflict
  • In 1929, the Young Plan was implemented, reducing the amount of reparations that Germany had to pay