• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

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

Extracts from this document...

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.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our GCSE Germany 1918-1939 section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related GCSE Germany 1918-1939 essays

  1. How stable was Weimar Germany Between 1924 & 1929?

    Stresemann's foreign policies had enabled increased stability on an international level, his main achievement being the revision of the Treaty of Versailles. His success is shown by the labelling of the period of time where he was Chancellor as 'the Stresemann years'.

  2. Did stresemann resolve the problems faced by the weimar republic?

    Another problem was the fact that Germany was not trusted by other countries, so Stresemann decided to co-operate with the other countries in Europe, a positive outcome of this was in 1925 when Stresemann signed the Locarno pact with Britain, France and Belgium. They promised not to invade each other.

  1. Whydid Germany recover between 1924 - 1929?

    The Young plan was a negotiation of further reduction of the amount of reparation. The Dawes Plan opened the way for lengthy diplomatic discussion with the Allied powers, which helped to bring about the Locarno Treaties in 1925 in which Germany, Belgium & France agreed to respect each other's mutual borders.

  2. To what extent were the problems of 1919-1923 overcome by the Weimar Government by ...

    Therefore, the problem of restricted power in Europe was overcome when Germany joined the League. It also had the additional bonus of providing the German Government with the abilities to start working on reducing the restrictions placed on her by the Treaty of Versailles, such as reparation payments.

  1. What problems did the Weimar Republic face from 1919 to 1923, and why did ...

    It was a common belief that the army had not been defeated but had been betrayed by the politicians. Hitler and many others believed that they had been "stabbed in the back" by the "November Criminals", the politicians who had signed the Armistice which had brought the Great War to an end on 11th November 1918.

  2. Why was the Weimar Republic able to survive the difficulties of the years 1919 ...

    People lost faith in the Republic and the discontent was a threat to its future existence. However, Stresemann, unlike his predecessor was willing to make unpopular choices to save the economy. He called of the Ruhr resistance and resumed paying of the reparations to the Allies.

  1. Weimar, 1918 - 1923

    WL Shirer "Ludendorff's timely arrival had saved Hitler." As part of the Putsch's overall plan, Ernst R�hm and a detachment of SA seized the army HQ at the War Ministry. However, the Nazis occupied none of the other strategic centres of power.

  2. What was the State of the Weimar Republic in 1924?

    When the French and Belgians invaded the Ruhr, the Germans believed that they could not take any more raw materials if they were not being produced or mined. It is questionable whether Germany had full support of its citizens in 1924 or just the majority.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work