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Gustav Stresemann becomes the chancellor and foreign secretary for Weimar Germany.
He hopes that by establishing the economy and regaining respect from Germany in foreign affairs, Germans will feel more content with the republic. -
Stresemann sets the Rentenbank to end hyperinflation.
The supply of this new currency is limited, and its value is tied to the price of gold. Furthermore, it is backed by German industrial plants and agricultural land, having real value. -
Stresemann agrees to do the Dawes plan
The Allies have asked an American banker, Charles G Dawes, to resolve Germany’s non-payment of reparations, having to give huge loans to its industry. In this way, their economy begins to recover. -
The control of the rentenmark is given to the Reichsbank.
This new independent national bank, is backed by Germany’s gold reserves. Finally, the German people can trust German money again and hyperinflation is ended. -
Extremists are furious at Germany
All because they are agreeing to pay reparations, and at the fact that the recovery of Germany is now dependent upon American loans. -
Ebert died and was replaced by Paul von Hindenburg, a former field marshal of the Kaiser’s Army.
He had served to reassure the middle classes and strengthen the Weimar government. -
The Locarno Pact is signed
It’s a treaty between Germany, Britain, France, Italy, and Belgium, to secure borders of the nations of Europe after the First World War and to guarantee peace in western Europe. -
Stresemann persuade the other powers to accept Germany as a member of the League of Nations
This is a body that solve the world's problems without resorting to war, making it less likely. -
Germany and 61 other countries signed the Kellogg-Briand Pact.
It’s a promise of not to use war to achieve foreign policy aims, and it shows that Germany is now included in the main powers. -
Stresemann agree to do the Young Plan
In this plan, the reparations are reduced to 2 billion pounds, and Germany is given 59 years to pay it off. Lower reparations mean lower taxes for German people, giving a boost to the economy and consequently, to employment. In addition, they now have foreign Relations. -
Stresemann dies of a heart attack
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The Great Depression
Germany is thrown back into hard times. The Weimar economy collapsed. -
The Wall Street Crash
This event sparked a global economic crisis, and the USA could no longer afford to lend Germany any money.