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Problem 1 : Hyper inflation. Problem 2 : The French troops in the Ruhr. Stresemann’s solution : He stopped the printing of paper money and replaced all old money with a new currency called the Rentenmark. One Rentenmark replaced 1000 billion marks. Stresemann’s solution :He knew that French troops had invaded the Ruhr because Germany had not kept up their reparations payments. In 1924, Stresemann attended a meeting with French, British and American leaders. The result was the Dawes Plan , which allowed the Germans to only pay what they could afford. They also had longer to pay. Success? Yes. Germans quickly accepted the new currency and hyperinflation ended. However, people who had lost all their savings never got their money back … and forever blames Stresemann and his government. Success? Yes. French troops left the Ruhr. However, some Germans thought that Stresemann had ‘given in’ to the French by not demanding a complete end to all reparations – many thought that Germany shouldn’t be paying anything at all! On 1929 the Young Plan further reduced the amount Germany owed … but they still had to pay up to 1988! Problem 3 :No one trusted Germans Stresemann’s solution : He tried to improve Germany’s relationship with other countries. • In 1925 Germany signed the Locarno Pact with Britain, France and Italy. They promised not to invade each other • In 1926 Germany was allowed to join the League of Nations, an international peace keeping organisation • In 1928 Germany, along with 64 other countries, signed the Kellogg-Briand Pact. They all agreed not to go to war except in self defence. Success? Germany definitely became a major power again under Stresemann. The League of Nations even gave Germany ‘great power status’, which meant they took part in major decisions. However some Germans criticised Stresemann for not demanding some of the land back from countries that had taken it from Germany at the end of the Great War! Problem 4 :German industry was in trouble after the Great War – factories were run down, there were few jobs and poor schools, housing and hospitals. Stresemann’s solution :He organised big loans from America (this was part of the Dawes Plan). The Germans built new factories, housing, hospitals, schools and roads. This meant more jobs with Germans earning more money. Even some American companies (like Ford and Gillette) set up factories in Germany. Success? Slowly, Germany became more prosperous. Some called it a “Golden Age” A night out in Berlin in the late 1920’s – cinemas, music halls, night clubs, beer halls, galleries – was meant to be one of the greatest experiences in the world! However, some - even Stresemann himself – feared that Germany relied on American loans too much. What if the Americans suddenly wanted their money back?