STRESEMANN ERA 1924-9

• The Economic Boom of the Stresemann Years


  1924-9
• Gustav Stresemann


  Germany's Chancellor in 1923-4 and her Foreign Secretary after that
• Stresemann


  • Helped Germany get back on her feet
• Economic measures


  1. Replaced the old currency with the Rentenmark

  2. Dawes Plan 1924 (800,000,000 mark loan from the USA)

  3. Young Plan 1929 (reduced Reparations payments by 67%)
• Economic measures


  Increased the amount of money and foreign goods in Germany
• Many urban people loved it; many rural people deeply disapproved
• On the surface, Germany was doing well
• Underneath, there were problems: Germany was dependent on foreign loans and not making enough of her own money yet to stay afloat
• This was an age for cinema, clubs, sex, modern art and architecture, industry, radios, cars.