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The Recovery of the Republic 1924-29 (Stressmans Solutions (Created a…
The Recovery of the Republic 1924-29
Stressmans Solutions
Germany were receiving loans from USA
First loan was 800 million marks
Over $3 million were loaned between 1924-29
Created a temporary currency 'rentenmark'
Issued in limited amounts
Value was based on property values
Was replaced with the 'Reichmark' in 1924
The Dawes plan (1924)
By 1924 the reparation fees were reduced to 1 billion marks
The amount paid every year would increase
By 1929, the payment would increase to 2.5 billion marks
The Young Plan (1929)
Anual reparations would decrease by a further 20% to 2.05 billion marks
Germany would also have 58 more years to pay off the reparations
Should be paid off by 1988
The Locarno Treaty (1925)
, this involved Britain, France, Belgium and Italy all agreeing to respect/keep the existing borders between their countries.
Germans no longer needed to worry about the French invading again
this created a positive feeling between the different countries
Kellogg-Briand Pact (1928)
Involved 64 countries promising not to got to war with each other
Would only use armed forces as an act of self defence
Young Plan (1929)
Reduced reparation fees
Showed benefits of fulfillment