Zusammenfassung der Ressource
Recovery of Germany
- Economy
- Currency
- Temporary Rentenmark 1923
- If failed, govt. would exchange notes
for shares in German land/industry
- Permanent Reichsmark 1924
- Confidence rose
- Dawes Plan 1924
- Plan
- American banks invested in indiustry
- Annual payments reduced
- Effects
- French left Ruhr
- Germany resumed reparation payments
- Manufactured good sales doubled 1923-29
- Economy recovered
- Young plan 1929
- Cut payments from 6.6billion to 2 billion
- 59 more years to pay
- Internationally
- Locarno Pact 1925
- Britain, France, Italy, Germany
- Agreed to keep its borders
- Germany treated equal
- League of Nations 1926
- Germany became member
- Germany got place
on league's council
- Kellogg-Briand Pact 1928
- International agreement (65 countries signed)
- States promised not to use war
- Germany was respectable member of int. community