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Weimar Republic 1924
History GCSE/Ormerod/ recovery of the Weimar Republic 1924-29 #1
Problem | Sressemann's Policy |
---|---|
Hyperinflation | He stopped the printing of paper money and replaced the old currency with a new one, the Rentenmark. He then further replaced this with the REICHMARK- One Reichmark=1 piece of gold. |
French Occupation of the Ruhr | Stresemann knew that French troops had invaded the Ruhr because Germany had not kept up their reparation payments. In 1924 he attended a meeting with French, British and American leaders allowed Germany to pay what they could afford. |
Germany's poor relationship with other countries | Signed the Lacarno pact with Britian, France and Belgium. In 1928 Stresemann signed the Kellogg-Briand Pact. It allowed Germany to join the League of Nations. |
German industry is short of investment | Big loans from America-Dawes Plan. Built schools, housing, hospital and roads. This meant that Germans earned more money. |