Describe the Key Features of the Stresemann Era from 1923-29

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Gustav Stresemann took Weimar Germany out of its hardest years and turned it into the ‘Golden Years of Weimar. Stresemann was able to restore economic stability. He created the Rentenmark which was a currency issued in 1923 to stop the hyperinflation. It also encouraged foreign investment in Germany’s economy. The Reichsbank was given control of this currency. Stresemann negotiated the Dawes Plan with an American banker called Charles G. Dawes. This reduced the size of the reparations to an affordable level and provided Germany with US loans that were used to invest in German industry and build new factories. Stresemann called off passive resistance in the Ruhr by German workers. As a result of all of this, the French agreed to leave the Ruhr, employment went up and industrial output had doubled during the period 1923-8 due to the US loans. More goods were made and exports rose as well as imports and government income from taxation improved. Stresemann was able to reconnect Germany with other countries. In October 1925 he signed the Locarno (or Rhineland) pact that took place at Locarno, Switzerland which was a treaty between Germany, Britain, France, Italy and Belgium. Germany agreed to keep its new 1919 border with France and Belgium. Because of this, the last Allied troops left the Rhineland. Also France promised peace with Germany and allowed Germany to join the League of Nations. The League of Nations aimed to ensure that war never broke out again. Germany was given a place on the League of Nations Council, which took the most important decisions of the League. However, not all parties saw this as good, some thought it was a symbol of the hated Treaty of Versailles. In August 1928, Germany became one of the 65 countries to sign the Kellogg-Briand pact. This was a promise that meant that these countries rejected war and would not use it to achieve their foreign policy aims. It wasn’t Stresemann’s initial idea however he signed it to show that...
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