The ‘Golden Years’: recovery of the Republic, 1924–29 Flashcards

All 7 cards in this deck

What was the Rentenmark?

A new currency introduced by Stresemann in November 1923 to end hyperinflation; it was replaced by the Reichsmark in 1924.

What was the Dawes Plan (1924)?

An agreement that temporarily reduced Germany's annual reparations payments to manageable levels and arranged US loans of 800 million marks.

What was the Young Plan (1929)?

It cut the total reparations bill from £6.6 billion to about £2 billion and extended payments until 1988.

How did American loans and investment help the German economy after 1924?

They paid for new factories, mechanisation and assembly techniques, so industrial production and wages rose.

True or false? Germany's recovery in 1924–29 rested on American loans that could be withdrawn at short notice.

True. This left the German economy very vulnerable.

What was the Locarno Pact (1925)?

An agreement in which Germany accepted its new western borders with France and Belgium, improving relations with the Allies.

When did Germany join the League of Nations, and what position did it gain?

1926, gaining a permanent seat on the League Council.