Stresemann controlling inflation was the main reason behind success of the Weimar Republic in the years 1923-1928 How far do you agree with this statement?

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Joshua Painter               24/10/13

History Essay

‘Stresemann controlling inflation was the main reason behind success of the Weimar Republic in the years 1923-1928’

I believe that Stresemann controlling inflation was the main reason behind success of the Weimar Republic in the years 1923-28. There are also many other factor that helped with the success of the Weimar Republic, however these would not have been possible if Stresemann had not controlled the population therefore this is the main reason behind the success.

Firstly controlling inflation was the main reason behind the success of the Weimar Republic in the years 1923-1928. This is because by doing this he stabilised the German economy. He did this by introducing a new currency called the ‘Rentenmark’. Even though by doing this he had inadvertently destroyed all people’s savings and pensions, these savings and pensions had already become worthless due to the hyperinflation and so it was not a severe calamity that would have put him off of making the decision. By stabilising the German economy, Stresemann also allowed negotiations to begin with the USA which resulted in the Dawes Plan and Young Plan. These two plans are also very important in the success of the Weimar Republic; however they would not have been possible if Stresemann had not controlled inflation and therefore this is the most important reason being the success of the Weimar Republic in the years 1923-1928. Stresemann also called of passive resistance in the Ruhr which allowed Germany to start producing tradable goods again which also helped improve the economy.

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The second most important reason for the success of the Weimar Republic was the Dawes Plan and the Young Plan Firstly; the Dawes Plan was drawn up Charles Dawes and was signed in April 1924. The terms of this treaty were; the reparations that Germany had to pay were fixed to 6.6 billion dollars, the French were made to leave the Ruhr and the USA would give Germany a loan of 800 million dollars. This plan lead too; industrial output doubling in the years of 1923-1928, imports and exports increasing as well as an increase in employment. This was very ...

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