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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
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During the Gustav Stresemann era, economic developments played a crucial role in Germany's recovery from the economic turmoil post-World War I. Stresemann introduced the Rentenmark in 1923, which helped stabilize the hyperinflation that had devastated the economy. By restoring confidence in the currency, he laid the foundation for economic stability. Additionally, the implementation of the Dawes Plan in 1924 facilitated foreign investments and loans from the United States, revitalizing industries and improving employment rates. These economic measures resulted in a gradual recovery, as production and exports increased, contributing significantly to overall growth.
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On the other hand, international agreements were equally critical to Germany's recovery during this period. Stresemann's foreign policy aimed at improving relations with other nations, which was essential for restoring Germany's international standing. The Locarno Treaties in 1925, for instance, normalized Germany's borders with France and Belgium and reassured neighboring countries of its peaceful intentions. Furthermore, joining the League of Nations in 1926 symbolized Germany's reintegration into the global community, fostering diplomatic relationships that enabled Germany to reclaim its place as a respected nation. These agreements were key in securing economic aid and investments, creating an environment conducive to recovery.
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