Govt. (1924-29)

• The German public was outraged by the Ruhr invasion, it was unsuccessful and expensive. The money wasn't worth the paper that it was printed on.
• Stresemann became chancellor in August 1923, and was foreign minister by November.
• Stresemann believed in a policy of fulfilment in hopes to restore the German economy. He ended passive resistance in the Ruhr.
• Schacht introduced the new currency, the Rentenmark.
• 1924 - The Dawes Plan. Germany would receive American loans. The right-wing bitterly attacked this policy of compromise.
• Stresemann negotiated the Locarno treaties in 1926, where Germany agreed to respect the Western frontier.
• 1926 - Germany was accepted into the League of Nations
• 1928 - Kellogg-Briand Pact. Agreed that war would not be used to resolve disputes. It was signed by 64 other countries.
• Stresemann worked to improve industrial relations, public works, house building programmes and an extension to welfare to improve living standards.
• 1929 - The Young Plan. Reparations was reduced by about 75% and annual payments were reduced.
• Stresemann successfully resolved economic issues however, it increased right-wing opposition.
• The Reichsbanner was formed in 1924. It was a republican defence force due to the uprisings of previous years. It comprised supporters of SPD, DDP and Zentrum, having over a million supporters.
• In the May 1924 elections, pro-republican parties had a vote of 61%. Nazis sat at 6.5% and communists at 12.6%. By November, the numbers were at 67.5%, 3% and 9% respectively.
• In 1925, Ebert dies and is replaced by Hindenburg. He is a character who expressed anti-republican views and was very conservative. However, his appointment may have brought about more right-wing acceptance of the regime.
• By 1925, the nationalist DNVP had agreed to work with the republic
• Between 1924-29 there were 6 coalition governments. They often fell apart due to small issues, such as disputes over the German flag in 1926.
• Until the grand coalition of 1928, the SPD, despite being the largest party, did not serve in any governments due to their poor leadership. Politics, consequently became more right-wing leaning.
• Despite there being little opposition, the right-wing were still enraged by the hyperinflation crisis, and high taxes caused by the welfare system.
• In 1928, the Nazis only received 12 reichstag seats and the vote for pro-republican parties was at 72.6%. The confidence caused the government to lift the speaking ban off Hitler in 1928.
• The communist Red Fighting League, formed in 1924 clashed with the SA in the streets.