Recovery of Germany

Description

The recovery of Germany, 1924-29
Eva Something
Mind Map by Eva Something, updated more than 1 year ago
Eva Something
Created by Eva Something about 7 years ago
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Resource summary

Recovery of Germany
  1. Economy
    1. Currency
      1. Temporary Rentenmark 1923
        1. If failed, govt. would exchange notes for shares in German land/industry
        2. Permanent Reichsmark 1924
          1. Confidence rose
        3. Dawes Plan 1924
          1. Plan
            1. American banks invested in indiustry
              1. Annual payments reduced
              2. Effects
                1. French left Ruhr
                  1. Germany resumed reparation payments
                    1. Manufactured good sales doubled 1923-29
                      1. Economy recovered
                    2. Young plan 1929
                      1. Cut payments from 6.6billion to 2 billion
                        1. 59 more years to pay
                      2. Internationally
                        1. Locarno Pact 1925
                          1. Britain, France, Italy, Germany
                            1. Agreed to keep its borders
                              1. Germany treated equal
                              2. League of Nations 1926
                                1. Germany became member
                                  1. Germany got place on league's council
                                  2. Kellogg-Briand Pact 1928
                                    1. International agreement (65 countries signed)
                                      1. States promised not to use war
                                        1. Germany was respectable member of int. community
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