On August 13, 1923, Gustav Stresemann was appointed Chancellor during a problematic time for the Weimar Republic. There were still huge economic, political and social problems following the First World War. The Weimar Government had been forced to accept the humiliating and crippling terms of the Treaty Of Versailles meaning Germany was put under a huge amount of strain. Germany's standing in the world had been limited greatly by the Treaty as well. Stresemann had to address these problems and begin recovery of the Weimar Republic even under the harsh terms of the Treaty.
Stresemann's first achievements as the new Chancellor of the Weimar Republic were the rescue of the German currency and the softened effect of the large war reparations on Germany's economy. Before Stresemann came to power, the government decided to pay off its debts with worthless marks meaning so much money was in circulation, prices and wages rocketed. For example, in 1918, a loaf of bread cost 0.63 marks......
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Approximate Word Count: 1122
Approximate Pages: 5 (260 words per double-spaced page) |