This however was supposedly solved by the intervention of the Dawes Plan of August 1924. This made the current German governments popularity grows as they had seemingly saved Germany from certain disaster. This denied Hitler and opportunity in that he could not come out and attack the government as they had been able to save Germany’s economy. However elsewhere in the country problems were beginning to remerged. An economic crisis was happening in agriculture and Industry.
Although, to a certain extent the statement is true as Germany did show that they experienced a period of political calm, economic development and social progress in the mid 1920’s. It was said that Germany during the mid 1920’s had experienced a period of political calm. The Dawes Plan which was introduced meant that there was a loan agreement between Germany and the USA. This agreement was to kick start the German industry again to stabilise political problems in Germany. As well as this, the Young Plan in 1920 was introduced which was even seen as a better stabiliser for Germany for their political problems.
In November Stresemann arranged the Dawes Loans in order to pay reparations. These loans allowed Germany to invest in its economy whilst still paying reparation payment. This was one of his achievements it was a great achievement because he brought Germany back to a stable position (economically) this was a great achievement of Gustav. Gustav Stresemann’s second achievement was, Rebuilding Germanys relationship with the rest of the world, as Germany had become an outcast nation since its defeat in the First World War and signing the treaty of Versailles in 1919. Stresemann rebuilt relations with the U.S by agreeing to the Dawes Loans and when he became foreign minister of the Weimar government he was able to get Germany join the league of nations (A.U.S
This lead to prices rocketing and the savings unfortunately became worthless. The Treaty was largely responsible for this. During the World War in order to pay the large costs of it, the Kaiser suspended the convertibility of its currency into gold when the war broke out. Unlike France, which imposed its first income tax to pay for the war, the German parliament decided to fund the war entirely by borrowing. The result lead to the rate of the value of Marks against dollar increasing greatly.
Question: To what extent can the period between 1924-1930 be classified as the golden years of Weimar Germany? The period between 1924-1930 marked the resurgence of Germany as a cultural and political power in Europe. Germany began to recover from its crushing defeat in the war thanks to the resolution of a host of issues that were plaguing its very foundation, namely the partisan divide of its politics, the disastrous hyper inflation, and its isolated status as a state. In contrast to the previous five years, it enjoyed relative prosperity, social advancement, and stable international relations. It is for these reasons that this essay will argue that the period between 1924-1930 in Weimar Germany can be appropriately termed as the Golden Years.
However, it was Hans Luther and Hjalmer Schact who dealt with the hyperinflation crisis of 1923 and not Gustav Stresemann. Germany had to deal with a problem where the German people were leaving baskets on the ground filled with money, only to find people were taking the baskets rather than the currency, since it had depreciated so much over 1923. This was because, in order to deal with the crisis initially, the German government had begun to print money, which essentially devalued the currency because it started to become worth less. This cycle grew rapidly and eventually the Mark became worthless, with commodities such as eggs costing 10,000,000 marks. However, in order to solve this problem once and for all, Hans Luther took decisive action and replaced the mark with the rentenmark, a new currency.
Germany, after their defeat in World War I, was especially affected by the recession. For this reason, the Lausanne Peace Conference was held. At the Conference, Britain decided to provide Germany with a form of economic aid in return for peace. Because of this, Germany now had the economic resources required to remilitarize. Britain unknowingly was succumbing to Germany’s desire to rearm by providing them with economic aid.
The years 1924-1929 were seen as the golden period for Weimar Germany both politically and economically. There were many achievements at this time such as the introduction of a new currency and the signing of treaties which many people considered to be signs of economic and political stability. To a certain extent there was stability in Germany however there were factors such as reliance on foreign loans and the change in government which arguably showed that Germany was not in a stable position after all. Political stability is when a state of peace is experienced both in and out of the country due to the activities of the government and economical stability can be shown when a country has steady and constant growth without any inflation. To a large extent Germany was very economically stable as Stresemann introduced a new currency and gained loans from the USA under the Dawes plan.
Hitler used propaganda, elimination of the opposition, and a cult of personality to gain the support and trust of the German people in a time of economic crisis to his benefit and the rest of the world's loss. Single party states arise from a crisis, and Germany was suffering from a very large one at that time. The end of World War I in 1918 had left the economic state in shambles, and the loss struck the German people hard. Furthermore, the Treaty of Versailles the following year resulted in the demilitarisation and many cuts from German land and territory. Hitler criticized the carving up of Europe by the "Big Four" (the US, UK, France and Italy), stating that the Germans were the "master race".
Stresemann controlling inflation was the main reason behind the success of the Weimar republic in 1923-1928. Do you agree? These actions taken out by Stresemann for controlling of Inflation between the years 1923 up until 1928 were indeed the main reason behind the Weimar republics success. This is enforced by Stresemann putting such things in place like the Dawes Plan, Introduction of new currency, French troops leaving the Ruhr, foreign affairs and economic growth. In the year 1924 one of Stresemann’s aims as Foreign Minister of Germany was to get the country back on its feet financially so that it would be possible to keep up with the set negotiations by the Treaty of Versailles.