154064
Description
Mind Map by Eleanor Matthewman, updated more than 1 year ago
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Created by Eleanor Matthewman
over 11 years ago
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Gustav
Stresemann
- He was appointed chancellor
in August 1923 to deal with
thee problems of
hyperinflation
- He lost support of from the Reichtag in November
1923 and became foreign secretary until his death
in October 1929
- He lost support of from the Reichtag in November
1923 and became foreign secretary until his death
in October 1929
- the Dawes Plan
- 1924
- Reorganised Germany's reparation payments
- Years 1-5: £50m-->£150m
Years 6+: payments linked to
Germany's capacity to pay
- The French withdrew their troops
from the Ruhr
- Included a US loan of
800m gold marks to
Germany
- Over the following 6 years, Germany borrowed about $3,000m from the US
- Over the following 6 years, Germany borrowed about $3,000m from the US
- Opposed by German
nationalists and seen as a
'second Versailles'
- 1924
- He introduced a new
currency in 1923 called the
'Rentenmark'
- Issued in limited numbers
- Value based on a mortgage of
Germany's entire industrial and
agricultural resources
- Rentenmark was converted
into the Reichmark which
was backed with gold
- Issued in limited numbers
- Ended passive resistance
which greatly improved
relations with Britain and
France
- Signed the Locarno Treaties of 1925
- 1925-1929 became known as the 'Locarno honeymoon'
- 1925-1929 became known as the 'Locarno honeymoon'
- He was awarded a nobel peace prise in 1926
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