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how problems of 1923 were solved
- stresemann
- became chancellor in august in
1923
- he ended passive resistance
- it was causing
bankruptcy and
hyperinflation
- this took courage and
made him unpopular
- it was causing
bankruptcy and
hyperinflation
- became chancellor in august in
1923
- new currency
- stresemann introduced the
rentenmark in october 1923
- it was temporary
- old currency was scrapped
- limits the amount to be
printed
- in 1924 the reichsmark
was introduced
- stresemann introduced the
rentenmark in october 1923
- Dawes plan
- big loans from USA to Germany
- Charles Dawes was a U.S banker
- 800 million gold marks
- over the following 6 years $3 billion
- over the following 6 years $3 billion
- it changed the
reparation payments
- aim- build up german
industry so they could
pay their own debts
- pay less to begin with £50 m/year
and then increased to £150
m/year
- big loans from USA to Germany
- support of army
- a deal was made between
the weimar government
- army were allowed to get rid of
the left-wing government in
sacony
- loyal to government
- a deal was made between
the weimar government
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