To What Extent Can The Years 1924-1929 Be Described as a Period of Recovery and Stability in Germany?
By mid-1923 the German economy was in ruins and the Weimar Republic was close to collapse. However a number of changes in economic policy led to economic recovery from 1924 onwards. Much of the credit for the transformation must go to Gustav Stresemann. Stresemann, who was a more skilful politician than Ebert became chancellor in August 1923. Although he was only Chancellor for a few months he remained the most influential politician in Germany as the government attempted to recover from the misfortunes of the early 1920s. He was a committed nationalist and only believed that Germany’s problems could only be resolved by moderation and working with other countries.
Systematically, Gustav Stresemann managed to build up Germany’s economy again. The Dawes Plan of 1924 helped to sort out Germany’s economic chaos and also helped to get the economies of Britain and France moving again. The Dawes Plan was an attempt in 1924 to solve the reparations problem. The USA loaned Germany 800 million marks to help revive its ruined economy. The reparations payments were also spread over a longer period giving Germany plenty of time. Some of the money went into German businesses, public works such as swimming pools, sports stadiums and apartment blocks. As well as providing facilities these projects created jobs. In 1925 the Locarno Plot was signed with France and Belgium in which the countries agreed to respect the borders between them. Following that in 1926 Germany joined the League of Nations. The acceptance of Germany back into the international community was reinforced in 1928 when it was one of the 60 countries signing the Kellogg-Briand Pact against the use of war in foreign policy. Meanwhile during the mid-1920s the German citizens seemed to have accepted the Weimar Republic. There was less demand for the return of the Kaiser, who had abdicated in 1918. This...
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