The Importance of Gustav Stresemann Objective: To be able to explain the importance of Gustav Stresemann The man From birth until 1923 Weimar was dogged by problems 1924-29 it became calmer - Gustav Stresemann DIFFER Dawes Plan 1924 French/Belgium troops occupied Rhur Stresemann attended meeting BRI/FR/USA Allowed Germany to repay only what it could afford It was a success but not all people felt this way – it didn’t reduce reparations Inflation controlled 1923 Stresemann called in the worthless rentenmark, burned them One rentenmark was worth 300 billion Great success as people accepted it immediately French leave the Ruhr 1923 Stresemann called off the passive resistance strike in the Ruhr Agreed to start repaying reparations Persuaded French to leave Ruhr Foreign Affairs Locarno Pact 1925 – accepted borders laid down in TOV, agreeing loss of Alsace Lorraine As Ger had shown goodwill it paved way for them joining the League of Nations in 1926 1928 – Kellog Brand Pact 60 countries not to invade one another Not everybody was happy, people saw it as giving German land away to French Economic Growth Stresemann borrowed 25.000 million gold marks, mainly from USA Used to help industry – it boomed, led to prosperity in Germany Cultural life boomed – roaring twenties Marlene Dietrich Germany is dancing on a volcano Stresemann Reforms Stresemann introduced laws to make life better for the working classes 3 million homes were built Impact of Recovery Weimar Republic was stable Decline in extremism e.g. communists and Nazis – greater support for democracy The Golden Age? People had more money to spend – became pleasure capital of Europe Little censorship – artists flocked to Berlin Dancing on a volcano Although Ger did experience economic recovery there were still problems in Ger Ger economy became dependent on US loans Invested money put in projects that required time 1927 first signs of depression