How Gustav Stresemann solved Weimar Germanys problems

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GCSE History Germany Mind Map on How Gustav Stresemann solved Weimar Germanys problems, created by roxy123 on 05/18/2014.
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Mind Map by roxy123, updated more than 1 year ago
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Created by roxy123 over 10 years ago
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Resource summary

How Gustav Stresemann solved Weimar Germanys problems
  1. Introduce a new currency
    1. What?
      1. Stresemenn had to act quickly to deal with the Hyperinflation
        1. The old currency was replaced with a new one called the Rentenmark
          1. One Rentenmark replaced 1000 billion marks
            1. Old notes were recalled and burned
            2. Positive Results
              1. The currency was quickly accepted by the German people
                1. Inflation was brought under control
                2. Negative Results
                  1. The German people never forgot hyperinflation
                    1. People who had lost their savings were not compensated
                      1. They felt cheated and blamed the Weimar republic
                    2. Persuade the French to leave the Ruhr
                      1. What?
                        1. Stresemann called off passive resistance, as it had not caused the French to leave and it had caused serious economic problems
                          1. He promised to keep up reparation payments to France
                          2. Positive Results
                            1. The French left the Ruhr
                            2. Negative Results
                              1. It was a very unpopular policy in Germany
                                1. There was a lot of opposition to it
                                  1. Especially from right-wing extremists
                                    1. They claimed it was a sign of weak government
                              2. Improve Germany's relationship with other countries
                                1. What?
                                  1. He decided to co-operate with other countries in Europe
                                    1. He accepted that Germany could not regain the land lost in the TOV
                                      1. He hoped in doing so the allies would change the terms of the treaty
                                    2. Positive Results
                                      1. In 1925 he signed the Locarno Pact
                                        1. This was a series of treaties with Britain, France, Belgium and Italy where they promised not to invade each other
                                        2. In 1926 Germany joined the League of Nations
                                          1. It was given great power and status which meant it could have a say in major decisions that had to be made
                                          2. In 1926 Stresemann was awarded a Nobel Peace Prize
                                          3. Negative Results
                                            1. Some people thought Stresemann was weak
                                              1. By saying that Germany could not regain the lost land he had "given in" to France
                                              2. Some army generals believed he should have built up the army instead
                                                1. Then they could've tried too regain the lost land by force
                                            2. Continue to pay reparations
                                              1. What?
                                                1. Stresemann realised he could not force the allies to change the Treaty
                                                  1. So he promised to pay the reparations
                                                  2. He hoped the allies would change the payments in the future
                                                  3. Positive Results
                                                    1. The Dawes Plan, 1924
                                                      1. Reorganised the way the Germans had to pay reparations
                                                        1. Germany was given a longer period to pay the Allies
                                                        2. The young plan, 1929
                                                          1. Lowered the amount had to be paid in reparations
                                                            1. It went from 132,000 million marks to 37,000 million
                                                        3. Negative Results
                                                          1. The Dawes Plan did not reduce the amount of money Germany had to pay
                                                            1. Opponents to the Weimar Republic called it a second Versailles
                                                            2. The Young Plan was also hated by many Germans
                                                              1. They still believed that Germany shouldn't have to pay reparations at all
                                                                1. Under the Young Plan Germany would be paying reparations until 1988
                                                            3. Get help to rebuild the economy
                                                              1. What?
                                                                1. Stresemann organised big loans for Germany from the USA. (This was part of the Dawes Plan)
                                                                2. Positive Results
                                                                  1. The German government used the money to improve housing, hospitals, schools and roads
                                                                    1. Loans were also given to private German firms
                                                                      1. In addition many Us firms set up factories in Germany
                                                                        1. Pensions and wages rose (for some)
                                                                        2. Negative Results
                                                                          1. The German economy was now dependant on the US
                                                                            1. Stresemann himself admitted Germany was "dancing on a volcano"
                                                                            2. Wages didn't rise for everyone
                                                                              1. By 1929 farmers didn't earn half the average wage
                                                                                1. They became angry and started to support extremist groups such as the Nazis
                                                                              2. Unemployment fell below 1 million.
                                                                                1. From 1928 this rose higher
                                                                                2. Rich people had to pay higher taxes
                                                                                  1. They complained that too much money was being spent on the poor and unemployed
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