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

What steps did Stresemann take to solve the Ruhr Crisis and stabilise the German economy in 1923-1924?

Extracts from this document...

Introduction

History What steps did Stresemann take to solve the Ruhr Crisis and stabilise the German economy in 1923-1924? When the Reparations of the Treaty of Versailles were finally announced in 1921, the hatred from the German people for the Weimar Republic grew stronger. Most people thought that the amount was far too high, and blamed the government for 'giving in' to the Allies. There were many demonstrations and strikes, and violence on the streets increased immensely. As the German citizens lost respect for their government, they began to lose confidence in their country and their currency, and prices began to rise (by 1922 prices were seventy times higher than they had been in 1919). The situation became so bad that they stopped paying reparations in 1922. ...read more.

Middle

This took a lot of courage as many of the Germans felt as though he was giving in to France, as they did not take into consideration that their policy was bankrupting Germany. He then appointed Hjalmar Schacht, a respected banker, as currency commissioner to tackle the disastrous hyperinflation problem. In addition to this, Stresemann then cancelled the old worthless mark, and introduced a new, temporary currency, the Rentenmark. By limiting the amount of this currency, the value of German money was stabilised, ending inflation, and in the next year a new permanent currency, the Reichsmark, was brought in. To keep the support of the army (right-wing), the government gave orders that left-wing state government in Saxony and Thuringia should be deposed. ...read more.

Conclusion

The great advantage was that it provided a break from the huge payment previously expected, though it fixed no date for the end of payments, which made the plan unpopular with a certain amount of German people. With some reparations paid, the French and Belgians withdrew their troops from the Ruhr in 1925, and the government soon noticed a huge gain in there funds. Although Gustav Stresemann was only Chancellor for five months, he made a substantial difference and aid to the German economy. As well as helping Germany financially, he also helped the situation between Germany and her neighbours. As relations among Germany with France and Belgium improved, the Locarno Pact was soon initiated and the peace treaty was signed in October 1925, as a guarantee for the borders of the three counties. ?? ?? ?? ?? Stephanie Michaelides ...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. Germany - How far did Germany recover under Stresemann?

    As well as this, the rise in culture was another problem due to Stresemann, even though he did not directly improve culture and it was more due to the economic and political stability he had brought about. This was because a lot of people believed in a traditional, patriotic Germany

  2. Weimar, 1918 - 1923

    Who was involved? * General von L�ttwitz, Captain Ehrhardt and Captain Baltikum - all of the army; * Count Westarp - former leader of the Reichstag Conservative Party; * Pastor Traub - former Court Chaplain to Wilhelm II; * Traugott von Jagow - former Police President of Berlin; * Colonel

  1. Weimar, 1924 - 1929

    Under the control of the SA was placed the new Schutzstaffeln (SS). Its members wore black uniforms (the SA's was brown) and swore an oath of loyalty to Hitler personally. Their role was that of an internal police force under Hitler's control.

  2. "The Improved International Standing in Germany (1924-29) was the most Important consequence of the ...

    This showed Germany had a very productive society. There was a small story in Germany. It was about a man who went to a bakery for some bread. He had money inside his wheel barrow, and as it couldn't fit the bakery door, he had to leave it outside.

  1. The NaziState, Economy and Society.

    an instrument of Nazi control. The Communist Party was proscribed after the Reichstag Fire, now the SPD was banned, while the nationalists and Centre Party helpfully dissolved themselves and on 14th July the Nazi Party became the only legal political party. Less than 6 months after Hitler's appointment as Chancellor.

  2. Hyperinflation the invasion of the Ruhr.

    This lead to violence and over the next 8 months of the occupation, 132 people were killed and over 150,000 Ruhr Germans expelled from their homes. The order for workers to go on a general strike may have been patriotic but it had disastrous consequences for Germany as a whole.

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