Passive resistance called off in the Ruhr which meant goods were back in production
Ruhr occupation ended as reparations began to be repaid
Rentenmark introduced which stabilised prices and made money rise in value
Government began to spend less money so budget deficit would reduce
Renegotiating reparations
Dawes Plan (September 1924) - lowered reparation payments so they were easier to pay and loaned 800 million marks from USA
Young Plan (January 1930) - reduced amount of reparations to be paid by 20% and allowed for postponed payments, paid over 59 years until 1988, US banks continued loaning money
Positives
Industrial production levels increased Exports increased by 40%
Hourly wages rose yearly
German company IG Farben became the largest industrial company in Europe
Generous pension/health/unemployment schemes introduced from 1927
Negatives
Agricultural production did not recover to pre-war levels
More was spent on imports than exports - loss of money