September 1923- new chancellor appointed

Gustav Stresemann

Stresemann persuaded the French, British and Americans to lower reparations through the Dawes Plan

Dawes Plan

Retenmark was temporary currency- began November 1923

It was issued in limited quantities to prevent inflation

Young Plan

Criticised by right wing politicians such as Adolf Hitler and Alfred Hugenburg

Stresemann wanted to improve relation with France and Britain to gain their co-operations in reducing some of the worst features of the TofV

Locarno Treaty

League of Nations

Kellogy-Brund Pact

1928, 64 other nations

-Everyone kept armies for self-defence

1924-1929 greater political stability

Although no single party won the majority of seats in the Reichstag, up until 1930, Social Democrats always won the most vote

Political stability happened because of Stresemann and Hindenburg

Stresemann was a popular leader of the Weimar Republic due to his success abroad