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2053985
Stresemann
Description
Stresemann's Policies in Germany in the 20s
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Mind Map by
Hellothereworld
, updated more than 1 year ago
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Created by
Hellothereworld
over 9 years ago
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Resource summary
Stresemann
Hyperinflation
Replaced old Currency with the Reutenmark
Old currency recalled and burned
Pros
New currency is accepted quickly
Inflation is brought under control
Cons
People didn't forget the disaster
People who lost savings were not compensated
French occupation of the Ruhr
Called off passive resistance
Hadn't forced French to leave
Caused economic problems
Pros
The French left the Ruhr
Cons
Unpopular especially with right wing extremists
Giving in to French
'Weak' Government
Promised to keep up payments
Improving trust with other nations
Decides to co-operate with other countries in Europe
Pros
1925 - Locarno pact with Britain, France Belgiun, Italy
1926 - League of Nations given 'great powers' status so had a say in major decisionns
1926 - Stresemann awarded Nobel Peace Prize
Cons
Stresemann is 'giving in' to France again
Agreeing with Treaty of V.
Not trying to regain territory by force
Reparations
Promises to pay and hopes the Allies reduce the payment
Pros
Dawes Plan (1924) gave Germany longer to pay reparations
Young Plan (1929) lowers the total from 132,000 million marks to 37,000 million marks
Cons
Germans feel they shouldn't be paying at all
Will still be paying until 1988 even with the Young plan!
Rebuilding the economy
Organises big loans from the USA as part of the Dawes Plan
Pros
Pensions and Wages Rise
US firms set up factories in Germany
Loans are given to private German firms
German government improves housing, hospitals, schools and roads
Cons
German economy depends on the US
Wages didn't rise for everyone
Farmers stay poor because food prices are low
Unemployment never fell below 1 million
Rises from 1928
Rich people have to pay more tax
Complain the money is spent on poor
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