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How successful was Stresemann in dealing with the problems faced by the Weimar Republic in the years 1924-1929?

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Introduction

How successful was Stresemann in dealing with the problems faced by the Weimar Republic in the years 1924-1929? During the occupation of the Ruhr in August 1923 President Ebert appointed Stresemann as his new chancellor and foreign secretary; unfortunately he was forced to resign the chancellorship in November 1923. Stresemann at this time had many left and right wing supporters which helped him pass measures. There were many economic problems that Germany needed to resolve; after World War I and the Treaty of Versailles, Germany was left completely bankrupt. The country still had to pay reparation debts of £6.6 billion. In 1923, Stresemann made important economic changes that were key to Germany’s economic recovery. He established a new currency, the Rentenmark; called off passive resistance; negotiated the Dawes Plan and agreed the Young Plan. Stresemann’s greatest achievements were in foreign policy in 1925 when he signed the Locarno Treaties and in 1926 Germany was accepted into the League of Nations. Stresemann was very successful at negotiating/renegotiating plans and terms of the treaty that would boost Germany’s economy and help with its recovery. ...read more.

Middle

They did not want to see Germany become socialist. In April 1924, Stresemann agreed the Dawes Plan which addressed the reparations debt issue. Charles Dawes had been asked by the Allies to resolve Germany?s non-payment. He agreed that the annual reparations would be reduced to an affordable level; he also agreed that American banks would invest in German industry. The economy had been boosted by the French leaving the Ruhr as Germany had access to raw materials, with more financial support from the US industrial output doubled. The Dawes Plan was significant in German recovery because it put the country in a stable economic position. It gave them a longer period of time to pay the reparations while Germany?s imports and exports with other countries increased as well as employment; the government income from taxation also improved. It was all beginning to look hopeful that Germany was going to recover but it was all reliant on the US loans. The next step for Stresemann was to gain support and trust from other countries. In October 1925 Stresemann signed the Locarno Pact, this was step was helped by the progress he made in the international affairs. ...read more.

Conclusion

This was very successful and important in Germany?s recovery because it allowed taxes to be lowered; this in turn created spending power which boosted industry and employment. It created more opportunities for the country as they were able to import more goods and trade more freely without the big reparations costs and short time scale to off the debt. In conclusion I believe that all of Stresemann?s achievements were significant in Germany?s recovery. Although each term has its own individual importance, they fit together and without each other they wouldn?t work. The Dawes Plan was important because without America?s investment the country wouldn?t be able to continue with its stable economy and probably result back to hyperinflation. The young Plan also helped the economy stay stable as by reducing the reparations debts, Germany could invest more money in its trading and in turn give money back in goods to America. Whereas the Locarno treaty didn?t boost the economy as such but it made the country begin to feel trusted and proved that Germany could be peaceful. Stresemann was very successful in helping Weimar in its recovery, without his support it would have been hated for many more years and the country would have got into an even worse state. ...read more.

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