How did Stressman solve economic issues in Germany?
The Dawes plan, The Young plan, Rentenmark
What was the Rentenmark
Germanys currency for around a year between 1923-1924
What was the Young plan?
Owen D.Young reduced the total payment from $6.6 billion to $1.85 and increased payment time from 15 to 59 years
Rentenmark
Germany's currency for around a year between 1923-1924, created in response to hyperinflation and backed by mortgages on agricultural and industrial land
Hyperinflation in Germany
A period of extreme inflation in Germany in the early 1920s, where the value of the German mark plummeted, leading to a severe economic crisis
Causes of hyperinflation in Germany
Printing of money, war reparations, lack of confidence in the German mark, and political instability all contributed to hyperinflation in Germany in the early 1920s
