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Title: How far did the Weimar Republic recover under Stresemann?

Essay Details

Subject: History
Author: William G
Date: January 13, 2015
Level: University
Grade: A
Length: 4 / 1023
No of views: 0
Essay rating: good 0, average 0, bad 0 (total score: 0)

Essay text:

For example, in 1918, a loaf of bread cost 0.63 marks whereas in November 1923 it cost 201,000,000,000 marks. The people of Germany suffered as Hyperinflation meant they were left penniless and confidence in the German economy had been lost. Stresemann decided to discredit the mark and replaced it with a new currency called the "Rentenmark"...

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The only way the new currency could be a success was for it be accepted and build people's confidence in the stability of it. He also called off the strike in Ruhr and began production again. Also Stresemann signed the Dawes Plan in 1924 meaning that reparation payment were spread over a longer period and secured loans of 800 million marks from the USA, which was poured into German industry...

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