Stesemann - Recovery of Germany.
- Created by: Max ww
- Created on: 07-03-17 16:35
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- Recovery of Germany 1924-29
- Role of Stresemann in recovery.
- appointed chancellor 1923
- negotiated with France to end Ruhr occupation.
- introduced new currency to end inflation called Retenmark.
- new national bank to control currency - this restored confidence.
- 1924 he negotiated the Dawes Plan with USA to reduce size of reparation installment and provide Germany with loans used to build and modernise factories
- 1929 young plan brought new loans and reparation reduced and spread over 60 years.
- this all boosted confidence and between 1924-29 they revived 25 billion gold marks in loan. 3 times more than reparation payments.
- by 1929 Germany was 2nd in industry production to the USA.
- Stresemann restoring relationships.
- 1924 Stresemann became foreign Secretary and did it until he died in 1929.
- Germany joined League of Nations - felt more National community.
- Lacarno Pact 1925 accepted it's 1919 westen frontiers agreed changes in east would be negotiation only.
- Kellogg Briand Pact of 1928 saw Germany along with 44 other Countries, renounced war.
- Stresemanns achievements
- Restored economic stability.
- regained a place on international stage.
- Kept support of moderate parties on left and right.
- Steered Germany out of early difficult period.
- died and wrong time when world was going into economic darkness of the Great Depression.
- Role of Stresemann in recovery.
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