Recovery from crises

avatar
Created by
F

Cards (11)

  • Who is Gustav Stresseman
    Chancellor in 1923
  • What did Stressemann do?
    Called off passive resistance in the ruhr
    Rentenmark
    Dawes Plan
    League of Nations
    Young Plan
  • Passive resistance end
    Striking Germans returned to work and to help with the economic crises he created the rentenmark (later the reichsmark) which stopped hyperinflation
  • When was the Dawes Plan
    16th August 1924
  • What was the Dawes Plan?
    Reparations were temporarily reduced
    US loaned $25 billion between 1824-1930
  • When did Germany join League of Nations
    8th September 1926
  • Significance of League of Nations
    Meant Germany could be trusted again by foreign nations
  • When was the Young plan
    31st August 1929
  • What was the Young Plan
    It was aimed to reduce the overall reparations debt to £2 billion and extend payment period
  • Why did the Young Plan not work
    Wall Street crash in America
  • Effect of the Great Depression (Young Plan)
    By January 1932, 6 million Germans were unemployed