The Weimar Republic's Recovery by 1929

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The Weimar Republic's Recovery by 1929

From 1919 until 1924 the Weimar Republic had somehow managed to

survive political, economic and foreign policy problems. This was

followed by a period of stability and apparent prosperity until 1929,

but I am cautious about the extent to which the Weimar Republic

recovered by 1929. There are three main problematic areas; political,

economic and foreign policy.

There were many economic problems that Germany needed to resolve.

Germany was left completely bankrupt after World War I and the Treaty

of Versailles, which meant that she had to pay reparations of £6, 600

million. In 1923, the new leader, Stresemann made important economic

changes that were key to economic recovery. He remained influential as

foreign minister until his death in 1929. He established a new

currency. Hyperinflation had made the currency marks, practically

worthless so a new unit of money was introduced based on the value of

all the land within Germany. People accepted this new Rentenmark while

the Dawes Plan (1924) provided loans from America of 800 million marks

and introduced the Young Plan (1929) which gave Germany more time to

make reparation payments - this helped the economy to become stable.Germany

was also producing and exporting many goods, which was bringing money

into the country and gave jobs to some of the unemployed.

However, there were still problems that had to be tackled. The

recovery was dependant on America and the money that the USA had

loaned Germany was yet another loan and would eventually have to be

repaid. There was rising unemployment and the middle classes savings

were gone during hyperinfla...

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with France but no mention was made of the eastern boundariesand that

lead to Germany entering the League of Nations 1926 and this showed

that Germany wanted to make allies. The Young Plan gave them another

chance to pay back reparations as it gave them more time to do so.

In general I think that foreign policy recovered substantially because

Germany had started to make amends, she was paying reparations, making

allies and agreeing to treaties. Although she is making good recovery

I think that to have total revival all three areas have to be

completely recover y.

I think that the recovery was good for the time being and could help

them make a full recovery but in the long run I don't think that they

recovered very significantly. I think that Germany has a long way to

go before she has recovered fully.
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