3.3 To what Extent did the
Weimar Republic Recover after
1923?
Gustav Stresemann
Member of German parliament since 1907
Supported Treaty of Versailles
Briefly Chancellor in 1923 but more well known for Foreign Minister
from 1924 -1929
Hyperinflation Crisis
Stessemann stopped printing the old currency
o Replaced it with a new currency of the Rentenmark
Replaced Rentemark for the Reichsmark – remained stable for next
25 years
Germans accepted the new currency and hyperinflation ended
o People who lost their savings did not get their money back
and blamed Stresemann
The Invasion of the Ruhr
Stresemann met with American Vice President (Charles Dawes) and
arranged a 800 million gold mark loan known as the Dawes Plan.
o Germany could now pay reparations again
Belgian and French troops left the Ruhr
People felt Stresemann had given in to the bullying tactics instead of
ending reparations altogether
o In 1929, Stresemann negotiated paying only 1.8 billion instead
of 6.6 with more time to pay it through the Young Plan
Dawes Plan – the agreement between the USA and European countries,
allowing for US loans to be given to European countries (especially
Germany) in order for them to build factories and roads, and stimulate the
economy
League of Nations – an international peace-keeping organisations set up
after the First World War, Germany joined in 1926
Rentenmark – the German currency, introduced in 1924
Young Plan – the agreement to reduce reparations, made in 1929
between Germany and the countries they owed money to after the First
World War
Weimar Republic Recover after
1923?
Gustav Stresemann
Member of German parliament since 1907
Supported Treaty of Versailles
Briefly Chancellor in 1923 but more well known for Foreign Minister
from 1924 -1929
Hyperinflation Crisis
Stessemann stopped printing the old currency
o Replaced it with a new currency of the Rentenmark
Replaced Rentemark for the Reichsmark – remained stable for next
25 years
Germans accepted the new currency and hyperinflation ended
o People who lost their savings did not get their money back
and blamed Stresemann
The Invasion of the Ruhr
Stresemann met with American Vice President (Charles Dawes) and
arranged a 800 million gold mark loan known as the Dawes Plan.
o Germany could now pay reparations again
Belgian and French troops left the Ruhr
People felt Stresemann had given in to the bullying tactics instead of
ending reparations altogether
o In 1929, Stresemann negotiated paying only 1.8 billion instead
of 6.6 with more time to pay it through the Young Plan
Dawes Plan – the agreement between the USA and European countries,
allowing for US loans to be given to European countries (especially
Germany) in order for them to build factories and roads, and stimulate the
economy
League of Nations – an international peace-keeping organisations set up
after the First World War, Germany joined in 1926
Rentenmark – the German currency, introduced in 1924
Young Plan – the agreement to reduce reparations, made in 1929
between Germany and the countries they owed money to after the First
World War
