Economic Recovery

• Stressemen had got rid of the mark and replaced it with the Reich mark. This was important because the Reich mark was linked to the value of pure gold, was strictly handed out and industries made them. Then, the Reich mark had been replaced again with the rentne mark and then banks started running this currency and they were called the Renten Bank.
• When was Stressemen appointed as foreign secretary?

  1923
• What was the Dawes Plan?

  1. This was when Germany negotiated with USA to manage with their reparations.
  2. USA temporarily decreased the reparations and gave loans which allowed Germany to have a stable economy and it allowed them to more likely pay the reparations.
  3. With the loans, they built more industries
• What was the Young Plan?

  1. The purpose was to help Germany with reparations
  2. Owen Young reduced the reparations to 6.6 billion to 2 billion marks
  3. Also increased the deadline to pay the reparations and it was due to 1988
• When was the Locarno Pact?

  1925
• What was the Locarno Pact?

  1. It was a treaty between Italy, Belgium, France, UK and Germany
  2. Germany agreed to demilitarize the Ruhr
  3. Give up Alsace Loraine to France
• What was the significance of the Locarno Pact

  1. Improves relations with allied countries, France
  2. Stressemen received a Nobel Peace Prize
  3. Germany negotiated, had a say in the treaty, this made them have a chance to apply for League of Nations -- forbidden in TOV
• What was the Kellog Briand Pact?

  A pact between the members of the 114 countries that were part of the League of Nations
• What were the aims of the League of Nations

  Not to start war for its own countries aim, this allowed more peace in the world
• What were the consequences of the policies?

  • Wiemar Government was a respected government
  • Germany as seen as equal
  • More job opportunities
  • Opportunity for trades
• What did the German people think of Wiemar Government

  They didn't think they were a lost cause. They had faith in Germany.