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528421
how problems of 1923 were solved
Description
Mind Map on how problems of 1923 were solved, created by katie.h on 05/02/2014.
Mind Map by
katie.h
, updated more than 1 year ago
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Created by
katie.h
over 10 years ago
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Resource summary
how problems of 1923 were solved
stresemann
became chancellor in august in 1923
he ended passive resistance
it was causing bankruptcy and hyperinflation
this took courage and made him unpopular
new currency
stresemann introduced the rentenmark in october 1923
it was temporary
old currency was scrapped
limits the amount to be printed
in 1924 the reichsmark was introduced
Dawes plan
big loans from USA to Germany
Charles Dawes was a U.S banker
800 million gold marks
over the following 6 years $3 billion
it changed the reparation payments
aim- build up german industry so they could pay their own debts
pay less to begin with £50 m/year and then increased to £150 m/year
support of army
a deal was made between the weimar government
army were allowed to get rid of the left-wing government in sacony
loyal to government
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