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GERMANY history - Coggle Diagram
GERMANY history
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REASONS FOR RECOVERY
STRESEMANN
Rentenmark
supply of these bank notes were tightly controlled ad thir value was tied to the price of gold so it had real value this encourgaded more public confidence back into the currency
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Locarno pact 1925
between britain,france,italy and belgium
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League of nations
hoped to discuss world problems in order to avoid war. Set up in 1920 but Germany was banned but in 1926, they were invited to be a member
DAWES PLAN 1924
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instalments were temporally reduced to £50 million a year and the US banks agreed to make loans to German industry -- however this was bad as the recovery was dependant on a stable American economy
YOUNG PLAN 1929
reduced reparations from 6.6 to 2 billion and the payments could be made over a longer time until 1988, lower reparations meant lower taxes for the German people -- however can be seen as bad as some people though it was a burden on the next generation of the Germans
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