Golden Years 1924-29 notes

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 Stresemann1878-1929German 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)

StresemannCalled off the passive resistance at the RuhrEnded the hyerinflation crisis by introducing a new currency backed by US loansReassured Germans that the democratic system was willing and able to solve urgent problemsRestarted reparation payments, importantly, this led to assistance from the US and a greater willingness of other Western nations to negociate with GermanyEnded German diplomatic isolation.

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