The Stressmann Era

The Rentenmark
1. biggest problem was hyperinflation
2. old currency was abolished and a new temporary currency was introduced. Rentenmark was replaced by a new permanent currency called the Reichsmark
3. confidence in the currency, banking system and economy was restored
The Dawes Plan
1. reparation payments were set so high that Germany had been unable to pay in 1923
2. reduce annual repayments, USA promised to provide $800 million in loans to German Industry and the Ruhr area would be evacuated by Allied occupation troops
3. short term economic benefits - German economy recovered and received increased foreign investment and loans
4. long term economic benefits - the Plan made the German economy dependent on the US economy
The Locarno Pact
1. Germany was treated unfairly by the Allies and Stressmann needed some success in international diiplomacy
2. Germany agreed to keep to its new 1919 border with France and Belgium
3. Germany treated as an equal
The League of Nations
1. Germany was excluded from joining the league of nations
2. Stressmann presuaded the League to accept Germany as a member in 1926
3. Germany was trusted again
Kellogg-Briand Pact
1. Stressmann was keen to prove Germanys commintment to international peace
2. promised not to use war to achieve their foreign policy aims
3. Germany had become a respectable member of the international community
The Young Plan
1. success in foreign policy eventually led to success in economic policy
2. cut reparations payments from £6.6 billion to £2 billion, with 59 more years to pay
3. strengthened the Weimar Republic

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The Stressmann Era

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	Created by corie.despy almost 11 years ago