Explain how the Weimar Republic was able to recover between 1924-1929.

The recovery of Germany from 1924-1929 was largely due to the improvements in the economy which was underpinned by 3 changes:

• the end of hyperinflation
• reduction in the burden of reparations
• the influx of American loans

Of crucial importance was the introduction of a new currency. As Chancellor, this was introduced by Gustav Stresemann in November 1923 in order to tame hyperinflation. He replaced the old worthless currency with a new one, the Rentenmark. One Rentenmark replaced 1,000 billion marks and the supply of the new currency was restricted to 3.2 billion Rentenmarks meaning that the problem which triggered the recently ended hyperinflation (printing money) could not be repeated.Secondly as part of the 1924 Dawes plan that Stresemann negotiated, the amount of reparations per year was lowered, though the total amount would remain...............

Get the full answer in this book: