how problems of 1923 were solved

how problems of 1923 were solved

1. stresemann

   • became chancellor in august in 1923
   • he ended passive resistance
     • it was causing bankruptcy and hyperinflation
     • this took courage and made him unpopular

2. 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

3. 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
   • 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

4. 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