Gustaf Stressman and the Dawes Plan
Gustav Stesemann took control of Weimar Germany in 1923, and during his rule he brought in a new form of currency called the Retenmark. It was designed to help stop with hyper-inflation in Germany. Stresemann used the Dawes Plan to pay help Germany pay war reparations to France and Britain. The American's paid money directly to the German government to allow them to invest in Germany Industry, which in turn strengthened the German economy and helped them to pay off their debts.
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- Seen as a savour because he helped solve the hyper inflation
- Took over control of Weimar Germany
- Brought in the Rentenmark (new German currency after hyperinflation)
- Germans didn't like him because he continued paying reparations to France and followed the Paris Peace Treaty
- Dawes Plan helped him pay reparations
- Money from USA to Germany
- Germany paid reparations to France
- France paid back USA for military supplies they previously borrowed