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Which of the following was the more important reason for the recovery of Germany during the Gustav Stresemann era (1924–1929): - economic developments - international agreements? Explain your answer with reference to both bullet points. - AQA - GCSE History - Question 6 - 2022 - Paper 1
Question 6
Which of the following was the more important reason for the recovery of Germany during the Gustav Stresemann era (1924–1929): - economic developments - internation... show full transcript
Worked Solution & Example Answer:Which of the following was the more important reason for the recovery of Germany during the Gustav Stresemann era (1924–1929): - economic developments - international agreements? Explain your answer with reference to both bullet points. - AQA - GCSE History - Question 6 - 2022 - Paper 1
Step 1
Economic Developments
Answer
During the Gustav Stresemann era, economic developments played a crucial role in the recovery of Germany. After the hyperinflation crisis of 1923, Stresemann introduced the Rentenmark in late 1923 to stabilize the currency and restore confidence in the economy. This monetary reform stabilized prices and allowed for increased trade and investment, both domestically and internationally.
Additionally, through the Dawes Plan in 1924, Germany was able to restructure its reparations payments and benefit from significant loans from the United States. This influx of capital helped stimulate industrial growth, leading to a reduction in unemployment and an overall improvement in living conditions for many Germans.
Step 2
International Agreements
Answer
International agreements were equally significant in facilitating Germany's recovery during this period. Stresemann was instrumental in improving Germany's relations with other nations, which had been severely damaged by the Treaty of Versailles. For instance, Germany's admission to the League of Nations in 1926 marked a significant step towards restoring its international status and legitimacy.
The Locarno Treaties in 1925 also played a vital role in cementing peace between Germany and its Western neighbors, which reduced tensions and allowed for a more stable political environment conducive to economic recovery. Furthermore, the positive diplomatic relations enabled Germany to renegotiate its reparations, particularly with France, which lessened the financial burdens on the German economy.