How Far Was There Economic and Political Stability in Germany in the Years 1924-1929?

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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. The Dawes plan was produced in 1924 by Gustav Stresemann, it was a USA backed plan which helped to stabilise the economy greatly. The first part of the plan was the introduction of the new rentenmark which would now be worth 100 of the old mark. The plan also gave Germany 800 million marks in loans to aid their economy. The introduction of the rentenmark greatly improved Germany’s economical stability as it helped solve the inflation crisis. As economical stability can be recognised through low inflation, by solving the issue Germany’s currency now had a value again so they could use it to stimulate a growth in economy and the German people were no longer living in poverty. The loans that Germany received helped them solve many of their issues both political and economical. With the new loans Germany was able to start to rebuild the country and start trading again to achieve money for the economy. It also meant that they could pay Britain and France their reparations and this helped
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