How Far Did Stresemann recover GermanyHow Far Did Stresemann recover Germany?
Gustav Stresemann was a Foreign Minister from 1923–1929, during the Weimar Republic. During his political career he was the dominant person of the German People's Party during the Weimar Republic. His purpose was to free Germany from the burden of reparations payments to Britain and France, imposed by the Treaty of Versailles. And build a stronger economy, a stronger Germany
He did this by:
Forming an economic alliance with the United States. And from this The United States was Germany's main source of food and raw materials. Because of this Germany were able to pay there reparation payments and build up the economy i.e. More; schools, houses, jobs etc.
Hyperinflation in the Weimar Republic was one of Stresemann’s big problems to solve. In the 1920 Ebert told working men to go on strike and not pay towards the treaty, but if there were no workers there was no money to pay the workers. And then The Hyperinflation Occurred when Germany had no goods to trade with over countries so the government printed money to deal with the crisis this meant payments within Germany were made worthless paper money, this for some people was good because they helped industrialists to pay back their own loans. This also led to pay rises for workers and for businessmen who wanted to profit from it. Circulation of money rocketed, and soon banknotes were being overprinted to a thousand times their normal value. The value of the money had declined from £4.20 at the end of World War I to 1 million per pound by August 1923. Because the Germans were not paying the French the French took charge in Weimer and stayed there. To help Germany get out of hyperinflation Stresemann introduced Germany's new currency the Rentenmark. Although people thought having a new currency was good many people were angry and disagreed with his decision. This was mainly because when he changed the currency many people had savings...