History essay
How far did Germany recover under Stresemann?
Before 1923 the Weimar republic faced many crisis. But the next six years after 1923 in Germany was the period of prosperity it is also known as the golden age of the Weimar republic. Gustav Stresemann had a lot of influence over Germany in the period 1923-1929. He became a chancellor in 1923 for a short period and became a foreign minister from 1923-1929. As a chancellor he introduced the new currency known as the rentenmark, to replace the old worthless marks. He ordered the striking workers in the Ruhr back to work he also solved many other problems in Germany which I will mention further in my essay.
First I will examine how successful Stresemann was in helping the Weimar republic to overcome the economic and social problems which they faced. Firstly he stopped hyperinflation. He did this by introducing the new currency known as the rentenmark, to replace the old worthless marks. Secondly he did the Dawes plan which was to make Germany richer and pay France their debt. He did this by taking a loan of 800 million gold marks from USA. He did this so the Germans could use this money to build new factories that would produce more jobs and goods, which would raise the standard of living for the German people. He stopped the workers from striking and sent them back to work. Overall I think that Stresemann was a success because he did solve the social and economic problems in Germany. The advantages are that Germany became more stable and more goods were produced. Although there were disadvantages such as Germany became too dependant on USA. Germany would have to pay USA back whenever they would demand.