Zusammenfassung der Ressource
How Gustav Stresemann saved Germany
- Promised to continue reparations payment and stopped passive resistance
- so helped to solve the problem of French invasion of Ruhr - workers went back to work
- meant that France could get the goods to pay the reparations, so she left the Ruhr, also solved hyperinflation as goods was being produced
- THUS - because of his willingness to solve the problems of Ruhr crisis, the Allies were willing to open negotiation on reparations payment
- Introduced new currency
- replaced the worthless German marks with a new currency called the RENTENMARK
- this solved the problem of the currency losing value and hyperinflation because people began to have confidence in the currency again
- thus - the new German currency stabilised the value of money and price began to return to noral
- Negotiated Dawes Plan
- this was signed in agreement by the Allied countries - ie France, Britain and the USA..
- Americans provided LOANS (90 million gold marks) and allowed the Germans to start repaying their reparations bills and spread their payments over a LONGER period
- helped to solve the problem of reparations as her economy could recover with the loans
- THUS - could afford to pay reparations again.
- NEGOTIATED YOUNG PLAN, 1929
- reduced the reparations payment still further
- because Germany showed her willingness to co-operate with the Allied countries and this improved Germany relations with them.
- Thus = withdrawal of Allied troops from Germany by 1930 and 1926 Germany was allowed to join the League of Nations
- ENJOYED ECONOMIC PROSPERITY
- After recovering from the crisi in 1923, foreign banks (mostly American) were willing to sell Germany vast sums of money With this money 3 million new homes, new roads and railways were built.
- as a result, German industry produced more goods and exports increased:
- THUS - Germany seem the most modern and prosperous country outside of the USA and this led to political stability.
- Weimar party won elections and more stable Government - extremists/opposition parties like Nazis and Communists did not gain support because Germans were happy
- BROUGHT POLITICAL STABILITY
- 09/11/23 - Hitler organised the Munich Putsch
- Hitler expected to gain power through rebellion because hyperinflation had caused resentment and anger amongst the German people and Hitler thought they would support hi in a Putsch
- HOWEVER - Stresemann managed to win the support of Army and Police who helped him crush rebellions
- Revolt was successfully crushed by the Police and Nazis ad Hitler arrested and sentenced to 5 year5s jail
- the Nazi Party was banned and Hitler was not allowed to speak publicly (until 1928)
- THUS - Extremis parties did badly at the elections - the Nazi Party remained the smallest party in the Reichstag up to 1928
- no support from the people = political stability as Stresemann managed to win the support of the German people
- people were happy with the economic prosperity brought by Stresemann's policies and were uninterested in extremists politics
- the Weimar Government was more stable with a Grand Coalition Government after the election of 1928 and had 60% support from Reichstag.