Golden Years 1924-29 notes

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After the turmoil of 1918-23 liberal constitutional democaracy survived in Deuchsland, that is until the diastourous Wall Street Crash of 1929. These years became kown as the 'Golden Years' of the Weimar Republic.

Gustav Stresemann

1878-1929

German liberal polittion, leader of the German People's Party (DVP)

Served as Chancellor (August 1923-Nov 1923)

Foreign Minister 1923-29)

Creditied with stabilising the Germany economy following 'The Year of Crises in 1923, which included the invasion of the Ruhr by the French, hyperinflation, communist uprisings in Thuringia and Saxony, and the Beer Hall Putsch (started by Hitler in Munich)

Stresemann

Called off the passive resistance at the Ruhr

Ended the hyerinflation crisis by introducing a new currency backed by US loans

Reassured Germans that the democratic system was willing and able to solve urgent problems

Restarted reparation payments, importantly, this led to assistance from the US and a greater willingness of other Western nations to negociate with Germany

Ended German diplomatic isolation.

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