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everyone found it hard to buy what they needed (had to carry huge bundels of money)
a concequence of hyperinflation in Germany
People lost their savings (affected mainly middle class)
a concequence of hyperinflation in Germany
November 1923
when Stresemann issued a new currency, the Rentenmark, which replaced the mark. This ended hyperinflation
April 1924
The Dawes Plan
agreement for American Banks to invest in German industry
what the Dawes Plan did
reduce reparations
what the Dawes Plan did
industry doubled in 1923-1928
an effect of the Dawes Plan
Imports and exports increased
an effect of the Dawes Plam
Employment went up
an effect of the Dawes Plan
government income from tax went up
an effect from the Dawes plan
the economy relied on American loans / Germany had again started to pay reparations
one negative about the Dawes plan to some Germans
October 1925
The Locarno Pact
agreement for Germany to keep it's new 1919 borders with France and Belgium
what the Locarno Pact was
the last Allied troops left the Rhineland
what the Germans got out of The Locarno Pact
powers agreed to open talks about German membership to the league of nations
what the Germans got out of the Locarno Pact
Level 4