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Whydid Germany recover between 1924 - 1929?

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Introduction

Why did Germany recover between 1924 - 1929? Germany recovered between 1924-1929 and had what were known as the "golden years" mainly because of the ways Gustav Stresemann helped the country to recover. The first way he helped Germany to recover was getting other countries to trust Germany again, helping Germany to recover politically. I think that this was the most important reason for Germany's recovery as it led to economic recovery, which led to social recovery. The second way he helped Germany to recover was to solve hyperinflation so the country could recover economically. The third way he helped Germany to recover was lifting a lot of censorship, helping Germany to recover socially. Stresemann died in 1929, just before the Wall Street crash happened in America and sent Germany into another depression. Stresemann had said that the Germany economy was unstable. Prior to Stresemann becoming foreign minister, Germany was in a depression. The Weimar government worked under a system of proportional representation, which meant that no one party managed to win more than half the votes cast. ...read more.

Middle

This did much to relieve international tensions, and the "Locarno honeymoon" brought Germany various advantages. In 1928 Germany signed the Kellogg-Briand Pact; and in 1930 the Allies left the Rhineland. These various successes gained support for the Republic and there were general signs that the turbulent events of 1923 had provoked an active response among those who wished to protect German democracy. Because Stresemann appeared to be helping Germany recover, votes for extreme parties, such as the Nazi party fell dramatically and people started to favour the republic. This was because people were starting to regain their faith in the German government. Stresemann helped Germany recover economically by solving hyperinflation. He did this by cancelling the old mark and introducing a new currency called the rentenmark, which, being based on a mortgage of all land and industry to the value of 3200 million gold marks, was theoretically secure and quickly helped to stabilizese the economy. With his finance minister Stresemann negotiated the Dawes Plan which was a loan of 800 million Gold Marks, mostly from the USA banker Charles Dawes, which enabled Germany to initiate a general economic recovery and to pay annually in reparations only what she could reasonably afford. ...read more.

Conclusion

Up until this point, Germany had been using American loans to pay off the reparations, however, when the American economy collapsed, America started recalling all loans from countries it had lent money to, including Germany. This sent Germany into chaos as not only did they have to repay American loans, but also the allies were still demanding reparation payments, as they also needed to pay back loans to the USA. The cycle of depression Stresemann died of kidney failure in September 1929. Without his steadying influence the DVP and the Reichstag quickly slipped to the Right, where the charismatic figure of Adolf Hitler continued to wax noisily about the failings of the "November Traitors" and built up popular support through his spellbinding oratory. In conclusion I think that the most important reason for Germany's recovery from 1924 - 1929 was that Gustav Stresemann got other countries to trust Germany again. This meant that they leant Germany money and were more lenient with payments, which allowed Germany to recover economically. Germany's economic recovery meant that more people were employed and had more money to spend on recovering socially. Frances Wood ...read more.

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