Weimar recovery and Stresemann, - AQAEconomic recovery
The end of hyperinflation
Stresemann’s single greatest achievement as ChancellorIn the Weimar Republic, the Chancellor was the head of the government, appointed by the President. was to end hyperinflationVery rapid and high increase in the level of prices, combined with a fall in the value of money.. He did this in just three months by:
- Calling off the ‘passive resistanceTo resist something by not cooperating, or refusing to follow instructions without using violence.’ of German workers in the RuhrThe main industrial area of Germany.. This helped Germany’s economy because goods were back in production and the Government could stop printing money to pay striking workers.
- Promising to begin reparationMonetary compensation from an individual, group or state to compensate victims. payments again. This persuaded France and Belgium to end the occupation of the Ruhr by
- Introducing a new currency called the Rentenmark. This stabilised prices as only a limited number were printed meaning money rose in value. This helped to restore confidence in the German economy.
- Reducing the amount of money the government spent (,
Stresemann, Gustav
By Tara Windsor
Gustav Stresemann ()
Gustav Stresemann was, at the time of this photograph, the chancellor of Germany and foreign minister. During World War I, he argued that Germany should annex or control territories in Eastern Europe, Belgium and France.
Pahl, Georg: Zum Regierungswechsel in Deutschland. Reichskanzler Dr. Stresemann, Deutsche Volkspartei, welcher auch gleichzeitig das Aussenministerium übernommen hat. Neueste Aufnahme kurz nach seinem Regierungsantritt, black-and-white photograph, n.p., August ; source: Bundesarchiv, Bild , via Wikimedia Commons, :Bundesarchiv_Bild_,
This file is licensed under the Creative Commons Attribution-ShareAlike Germany license:Stresemann, Gustav
German politician and statesman
Born 10 May in Berlin, Germany
Died 03 October in Berlin, Germany
Summary
Stresemann was a leading wartime annexationist and proponent of moderate domestic reforms. Committed to restoring national strength after defeat and revolution, he became one of the Weimar Republic’s foremost statesmen. He served as chancellor during the crisis year and as foreign minister from until his death in He received the Nobel PeacWeimar recovery and Stresemann, - AQAGustav Stresemann
In , the Weimar RepublicThe name given to the German republic between and was on the verge of collapse socially and economically. This was due to a chain of events that happened after the German government failed to make a reparations payment on time. But surprisingly, this crisis was followed by a period of relative stability and success. The period was a time when the Weimar economy recovered and cultural life in Germany flourished.
This dramatic turnabout happened in large part because of the role played by Gustav Stresemann who became ChancellorIn the Weimar Republic, the Chancellor was the head of the government, appointed by the President. in August during the hyperinflation crisis. This was a time when prices in Germany went up quicker than people could spend their money and the German currency lost its value. Stresemann was Chancellor for only three months but continued to serve as Foreign Minister, rebuilding and restoring Germany’s international status until his death in October , ironically just weeks before the Wall Street CrashIn October share prices on the Wall Street stock market in New York cr
Gustav Stresemann and the Stabilisation of Germany
This section focuses on Gustav Stresemann and the Stabilisation of Weimar Germany from By , the Weimar Republic was on the brink of collapse due to economic turmoil, political instability, and social unrest. The country had been crippled by hyperinflation, the French occupation of the Ruhr, and widespread discontent among the German people. Many feared that Germany might descend into revolution or dictatorship.
However, the years saw a remarkable recovery, often referred to as the 'Golden Age' of the Weimar Republic. This turnaround was largely due to the leadership of Gustav Stresemann, a skilled politician who served as Chancellor in and then as Foreign Minister from to . Stresemann’s policies restored economic stability, improved Germany’s international reputation, and reduced political extremism, at least temporarily.
Stresemann’s Domestic Policies
During Stresemann’s brief Chancellorship (August – November ), his main priority was to stabilise the German economy. He took several key actions:
Ending Hyperinflation: The Introduction of the Rentenmark ()
- By late , h
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