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How Did The Weimar Republic Recover Under Stresemann

632 Words3 Pages

In the 1929 the Weimar Republic had gotten to a certain state of stability economically, internationally, and politically, but ass the great depression began, and the amount of money that they owed really put a worrying effect on the three factors.

Economically Germany was very stable, the economy grew stronger. When the Dawes Plan took place in 1924 it gave Germany security, help the economic growth, and let them have better control over their economy while still being able to pay of the reparations. Foreign loans gave germany a head start in paying the reparations
But the economic growths had their flaws as well, when the borrowed the money from america it meant that the economy could not possible be stable when it was tied so tightly to external forces beyond their control. Although the borrowed money did go a long way in helping germany, the real problem was that germany was using short-term loans in long term projects, which did bring the economy down. On October 1929 the New York stock market collapsed and the United States …show more content…

Gustav Stresemann was chancellor of a coalition government and was the one who put germany at this stable point.When Germany joined the League of Nations it showed the move out of the economic depression and towards a better diplomatic status. Germany's admission was a thing for Stresemann, become a more respected worldwide, and helped them get over the their defeat in World War 1.
But the Political stability was only kept for a short amount of time, because the political stability was there from the foreign loans, the weakness was that the government was using short term loans in long term projects. As the great depression began in 1929 the US called out the short term loans to Germany, and the German economy began to collapse. This caused a lot of problems for Germany as now they had no money to rebuild there still broken economy, and they still had to pay off the

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