Gustav Stresemann & The Recovery (1923-24)
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7 Terms
Who became Chancellor in August 1923?
Gustav Stresemann
What was Stresemann's first major action?
Ending "Passive Resistance" in the Ruhr to save the economy.
What was the Rentenmark?
A temporary currency backed by land/industry to stop hyperinflation
What replaced the Rentenmark in 1924?
The Reichsmark (the permanent new currency)
What was the Dawes Plan (1924)?
A deal where the US loaned Germany money to pay reparations; reparations payments were lowered.
How much did the US loan Germany under the Dawes Plan?
$800 million
Why was Stresemann's policy called "Fulfillment"?
He believed Germany should show it was trying to fulfill the Treaty of Versailles to get better terms later.