ipl-logo

How Far Did The Weimar Republic Recover Under Stresemann Essay

1060 Words5 Pages

In august 1923 Gustav Stresemann became Chancellor of Germany and foreign minister. Stresemann went along the way in resolving the problems of the Weimar Republic. Stresemann promised to carry on paying reparations and to stop passive resistance to help solve the problem of the French invasion of Ruhr. Stresemann also solved hyperinflation as goods were being produced. Gustav introduced a new currency and changed the useless German marks to a new currency called the Rentenmark. This solved the problem of the currency losing value and hyperinflation. He agreed to the Dawes plan. This allowed the Germans to start paying off their reparations and spread their payments over a longer time. Stresemann also agreed on the Young plan in 1929 which reduced …show more content…

Under the Dawes plan in 1924 , America would lent 800 gold million marks to Germany to be invested in factories and in the long term provide huge numbers of jobs and further investment from abroad. The Dawes plan also spread the reparation payments to a level which Germany could afford. By 1928 Germany had finally achieved the same levels of production a before the war. Stresemann increased the wages for industrial workers and state employees. This typically meant that there was a higher standard of living for many Germans. Stresemann negotiated the Young plan in 1929. This is linked to the fact that Germany was a part of the league of nations in 1926 which usually meant that Stresemann was able to negotiate with the allies more peacefully. This would increased the time limit Germany had to pay back the reparations. Stresemann who agreed to all these acts helped to get Germany back on track economically and bring in a brighter future. However, this economic boom was precarious. The US loans could be called at short notice which could cause destruction to the German economy.Unemployement was an issue. 6 percent of the working population was unemployed by 1928. Small businesses, shopkeepers both were threatened by large department stores and businesses. Most of the time, peasant farmers didn't have enough demand for their food so they usually couldn't keep up with their

Show More
Related

Hitler Gain Power Dbq

578 Words | 3 Pages

According to Document 2 “In the period following the end of World War 1, Germany experianced a disastrous perioid of inflation. The German governemnts method of financing the war by borrowing heavily and printing large quantities of unbacked currency began th inflationary spiral. This lead to political violence.” The german economy was in ruins at the time, one us dollar was equivilant to 4,200,000,000,000 German marks at one point. This helped Hitler Rise to power because the people felt that their economy was very very weak because of the government, and they wanted a new upgraded government.

Read More

Treaty Of Versailles Dbq Essay

977 Words | 4 Pages

The total reparations were set at $55,000,000,000, a number that many saw as excessive and unfair (Document 1). Germany’s economy was already struggling from the war, and the reparations only made things worse. The payments were very difficult to make due to the high levels of inflation and the fact that Germany had to pay in gold or foreign currency, which it did not have. These terms, combined with the disruption caused by the war, led to a period of hyperinflation in Germany during the early 1920s. They printed large amounts of paper money in order to make the payments, creating an inflationary spiral.

Read More

Treaty Of Versailles Dbq Essay

761 Words | 4 Pages

Hyperinflation became so grave that it became more economically viable for German citizens to burn German Marks to fuel their furnaces instead of buying real fuel, as four trillion German marks were equivalent to one U.S. dollar (Doc. 6-7). These economic troubles did not stay contained in Germany, for Germany consistently defaulted on its payments to countries relying on German reparations to keep their economy afloat, resulting in many other large European countries falling into extreme debt (Doc. 6). The Treaty of Versailles had no plan to preserve the economy of Europe (Doc. 3), rather only a very flimsy idea to make Germany fix everything, showing once again that its impacts did far more harm than good on the overall economic and political stability of Europe. The Treaty of Versailles also had no plan to stabilize the newly created countries of Europe or make Germany and its allies “into good neighbors” (Doc. 3, 8), all of which led to extreme instability and unpredictability in Europe, as well as the German government itself, a mistake which paved the way for the rise of Hitler and the Nazi

Read More

Germany's Economy Dbq

880 Words | 4 Pages

[Doc 1]. This responsibility forced Germany into massive debt, as they had to pay large sums of money while their economy was still in ruins from the war. This plight initially led to the weakened economy described

Read More

World War 1 Dbq Essay

1154 Words | 5 Pages

German inflation occurred and their economy collapsed. Throughout 2 and 6 the ideals of debt for Germany are expressed. In document 2, John Maynard Keynes shares his work called The Economic Consequences of Peace. It basically discusses the severity of the economic depression in Germany. It also talks about how it could lead to starvation.

Read More

How Did The Tuskegee Airmen Lead The Way To Abolish Discrimination

1040 Words | 5 Pages

One of the main factors was hyperinflation. This is when prices increase while value of money decrease. According to the United States Holocaust Memorial Museum, hyperinflation caused a depression, which undermined, “the stability of the German economy.” Jobs were hard to find and didn’t pay enough even when you had one. This caused the people of Germany to be in desperate need of help from anyone who could offer it.

Read More

How Did The Dawes Plan Lead Up To The Great Depression

1352 Words | 6 Pages

Through the Dawes plan there was a temporary relief for the growing unrest of the German public and it posed a temporary solution to end the ongoing crisis. With the American investment the German economy began growing which caused a decrease in violence and radicalism on the streets. Once civil stability had been restored, Stresemann began stabilising the German currency, which promoted confidence in the German economy and allow them to return to paying their reparations , while at the same time feeding and supplying the nation. The period from 1924-1929 would become known as the „Goldenen Zwanziger“ (the golden twenties). Through increased consumer confidence and purchasing power based on the implementation of the Reichsmark and the continued

Read More

1920s Consumer Culture Essay

638 Words | 3 Pages

As the Dawes Plan lowered Germany’s annual reparations to the allies but increase over time as its economy improved; additionally, US Banks loaned money to Germany who paid Britain and France, while Britain and France paid the US for all the money they had been loaned during the war. This round table of loans resulted in huge economic growth for the United States and allowed for

Read More

Germany's Failure Of The Dawes Plan For The Allies

1282 Words | 6 Pages

The Dawes plan addressed the two problems surrounding Germany, by reorganizing the Reichsbank, the German central bank, and to issue new monetary unit - the Reichsmark. According to the plan, the amount of Germany's reparations was determined to correspond to the financial health of Germany, and the plan ensured that it would not hurt the stability of the new monetary currency. However, Germany was only able to pay its reparations by borrowing more money from abroad. The Young plan adopted in 1930 therefore reduced the amount of reparations by further

Read More

How Successful Was The Agricultural Industry In The 1920's

600 Words | 3 Pages

The United States called for the debts to be repaid to keep its faltering economy from sinking to far in debt. Reparation payment loans stopped to Germany, causing an even worse debt increase, unemployment in all the countries involved in WWI skyrocketed, over produced products in countries increased and the worth of the dollar decreased causing deflation and poverty to enclose around many countries and worsening the recession. The dilemma caused by the call for debts to be repaid caused the countries to falter, without the money from the United States; these countries couldn't rebuild causing the inability to buy imported goods from the United States causing President Hoover to place tariffs to high for citizens buy products made in the United States. Making this move was bad for world trade which would have helped countries rebuild quicker. In the end, president Hoover made a critical error in placing tariffs on American

Read More

Essay On The 1920's

1266 Words | 6 Pages

Technology wasn’t able to be developed because they had no money to put into getting factories rebuilt, or to fund businesses. New technology was highly needed in Germany during the 1920’s, but there was no easy access like there was in America. Hyperinflation was a huge problem in Germany and resulted from the fact that the government kept printing more money, and so their money became worthless. As Germany’s economy continued to fall, it led them down the path to The Great Depression. Riots and protests swept Germany in hopes for change and a new

Read More

Treaty Of Versailles Similar To Germany Essay

977 Words | 4 Pages

However German government printed more money to pay off the debt but it caused inflation. The government had 300 million papers and work 24 hours a day to pay a huge amount of debt. Germany wasn’t earning money properly, so it didn’t affect their wealth, which means they were still poor while they are keep making money. So prices of goods and education and services rose quickly. So many people didn’t go to the hospital, because it was too

Read More

George Clemenceau And The Outbreak Of The Treaty Of Versailles

915 Words | 4 Pages

it led to a short supply of money so in turn the government simply printed more, however, this has led to an even bigger problem; hyperinflation a disaster that Germany is currently facing. Money is worthless and prices have dramatically increased. A family that was one prosperous in 1921 cannot even afford to feed their own family in these tough

Read More

Effects Of The Treaty Of Versailles

158 Words | 1 Pages

The Treaty of the Versailles (an international body intended to promote peace and prevent war) ended the WWI in 1919(Judd 1972:sp). Germany and its allies were defeated in the WWI. The treaty held Germany responsible pay for the damages caused in the war (Coltheart 2011: sp). During that time, the world was suffering from the Great Depression. It affected some other countries severely and led to poverty.

Read More

Rise Of Nazism In Germany

1792 Words | 8 Pages

As Chancellor he took the crucial step of ceasing financial support to end the hyperinflation. He introduced a new and stable currency (the Rentenmark). He lasted as chancellor for 100 days but after that he remained as foreign minister. Over the next six years, as foreign minister he sought to improve Germany’s international position. In 1924, the Dawes Plan was set up by Charles Dawes to regotiate the reperations (Carr, 1996 p.278).

Read More

More about How Far Did The Weimar Republic Recover Under Stresemann Essay

Related Topics

Open Document