2.The Recovery of Germany

1924-1929

Locarno Pact.

1925
-Germany signed an agreement with Great Britain, France, Italy and Belgium

-Germany recognised their borders and the demilitarisation of the Rhineland

Germany was invited to join the League of Nations

1926
-set up by Woodrow Wilson
-an international peacekeeping body

When was the 'Rentenmark' created?

November 1923

Young Plan

1929
-negotiated reperations from 6.6 to 2 billion
-payments would continue to 1988
-it was abruptly stopped by the wall street crash

Dawes Plan

1924
-US banks loaned 800 million reichsmarks to german industries
-reperation instalments were temporarily £50

Proof of Stresemann’s success

-exports rose by 40% from 1925 to 29
-in 1927 the weimar republic set up pension,health and unemployment schemes

Kellogg-Briand Pact

1928
-signed by germany and 62 others
-agreeing to disarm and not use war to resolve disagreements.