1924 - 1929 The Golden Years

n4tinho
Mind Map by , created over 5 years ago

Mind Map on 1924 - 1929 The Golden Years, created by n4tinho on 02/06/2014.

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n4tinho
Created by n4tinho over 5 years ago
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1924 - 1929 The Golden Years
1 Stressemann
1.1 Good speaker and administrator
1.2 Appointed chancellor to deal with hyperinflation
1.3 Lost support of Reichstag
1.4 Called off passive resistance in the Ruhr
1.5 Became foreign secretary
2 Successes
2.1 Introduced Dawes plan 1924
2.1.1 Included US loan of 800m gold marks
2.1.2 Germany borrowed $3000m from US banks
2.2 Introduced temporary currency called the Rentenmark
2.2.1 Could be exchanged for land or industry
2.2.2 Following year converted into Reichsmark
2.2.2.1 Restored value and reduced inflation
2.3 Improved relations with Britain and France
2.4 Ended passive resistance in the Ruhr
2.5 Signed Locarno Treaties of 1925
2.6 Awarded Nobel Peace Prize
2.7 Took Germany into league of nations
2.8 1928 - Germany signed Kellog-Briand pact
2.9 Payments would start at £50m and increase to £150m over 5 year period
3 Failures
3.1 German nationalists didnt like Dawes plan
3.1.1 Gave Allies partial control over Germany's railways and the German state bank
3.2 German nationalists didnt like young plan
3.2.1 Against further payments of reparations

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