Mind Map by Hellothereworld, updated more than 1 year ago
Created by Hellothereworld about 5 years ago


Stresemann's Policies in Germany in the 20s

Resource summary

1 Hyperinflation
1.1 Replaced old Currency with the Reutenmark
1.1.1 Old currency recalled and burned
1.1.2 Pros New currency is accepted quickly Inflation is brought under control
1.1.3 Cons People didn't forget the disaster People who lost savings were not compensated
2 French occupation of the Ruhr
2.1 Called off passive resistance
2.1.1 Hadn't forced French to leave
2.1.2 Caused economic problems
2.1.3 Pros The French left the Ruhr
2.1.4 Cons Unpopular especially with right wing extremists Giving in to French 'Weak' Government
2.2 Promised to keep up payments
3 Improving trust with other nations
3.1 Decides to co-operate with other countries in Europe
3.1.1 Pros 1925 - Locarno pact with Britain, France Belgiun, Italy 1926 - League of Nations given 'great powers' status so had a say in major decisionns 1926 - Stresemann awarded Nobel Peace Prize
3.1.2 Cons Stresemann is 'giving in' to France again Agreeing with Treaty of V. Not trying to regain territory by force
4 Reparations
4.1 Promises to pay and hopes the Allies reduce the payment
4.1.1 Pros Dawes Plan (1924) gave Germany longer to pay reparations Young Plan (1929) lowers the total from 132,000 million marks to 37,000 million marks
4.1.2 Cons Germans feel they shouldn't be paying at all Will still be paying until 1988 even with the Young plan!
5 Rebuilding the economy
5.1 Organises big loans from the USA as part of the Dawes Plan
5.1.1 Pros Pensions and Wages Rise US firms set up factories in Germany Loans are given to private German firms German government improves housing, hospitals, schools and roads
5.1.2 Cons German economy depends on the US Wages didn't rise for everyone Farmers stay poor because food prices are low Unemployment never fell below 1 million Rises from 1928 Rich people have to pay more tax Complain the money is spent on poor
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