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531056
1924 - 1929 The Golden Years
Description
Mind Map on 1924 - 1929 The Golden Years, created by n4tinho on 06/02/2014.
Mind Map by
n4tinho
, updated more than 1 year ago
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Created by
n4tinho
over 10 years ago
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Resource summary
1924 - 1929 The Golden Years
Stressemann
Good speaker and administrator
Appointed chancellor to deal with hyperinflation
Lost support of Reichstag
Called off passive resistance in the Ruhr
Became foreign secretary
Successes
Introduced Dawes plan 1924
Included US loan of 800m gold marks
Germany borrowed $3000m from US banks
Introduced temporary currency called the Rentenmark
Could be exchanged for land or industry
Following year converted into Reichsmark
Restored value and reduced inflation
Improved relations with Britain and France
Ended passive resistance in the Ruhr
Signed Locarno Treaties of 1925
Awarded Nobel Peace Prize
Took Germany into league of nations
1928 - Germany signed Kellog-Briand pact
Payments would start at £50m and increase to £150m over 5 year period
Failures
German nationalists didnt like Dawes plan
Gave Allies partial control over Germany's railways and the German state bank
German nationalists didnt like young plan
Against further payments of reparations
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