In order for the Dawes Plan to be successful the Germans needed support from foreign markets and economies. Therefore if problems were to occur in the US economy the repercussions on the German economy would be just as severe. Germany received up to 25, million gold marks mainly from America, which helped Germany build roads, railways and fortunately make more jobs. The Dawes Plan is arguable to whether or not it can be called an achievement, although it helped Germany short term in made Germany very reliant on the US and in debt to the US.
There was no stable government, there was the hyper inflation and there was the Treaty of Versailles. He solved the hyper inflation, led Germany join to the League of Nations and because of these great work he won the Novel Peace Price. But when you assess Stresemann's achievement, you may argue that his accomplishments were just a great illusion because Weimarer Republic did easily collapsed after Stresemann dead.
But I would say that most of these were successful the Rentenmark, treaties of Locarno, Dawes plan and Young plan.
One of the great achievement of Stresemann was issue of Rentenmark. Because of the reparation of Treaty of Versailles and the occupation of ruhr by France and Belgium, hyper inflation was caused in Germany. Actually, the inflation in Republic of Zimbabwe was more bad. The serious inflation was one of the biggest problem that Germany was faced with.
You needed 1,,,, Mark to buy just piece of bread. In January , one dolls was equal to 7, Mark. But in July, it increased to thousand, in August, it was 4 million and thousand. And finally, it became 4,,,, in November. The price of products increased by an hour. People really suffered from this situation. But Stresemann came up with the re denomination plan using Rentenmark.
They changed 1,,,, Papiermark and the security of Rentenmark was the German land. This policy solve the inflation perfectly. So the Rentenmark was a great achievement. One of the important treaty in treaties of Locarno was the maintenance of the Germany -France and Germany-Belgium border as the Treaty of Versailles. It also prohibited any presence of army or military base in Rheinland. This means that one of the most important German industrial area is saved and they will not suffer again.
Britain and Italy were involved to insure these treaties. They also agreed with solving the international conflict in a peaceful way. So I would say that Treaties of Locarno was a new order of peace in western Europe after Treaty of Versailles which was too harsh for Germany. Thanks to these treaties, Germany was allowed to join the League of Nations that means that Germany could return to the international society.
For Germany, this is a big step forward because they suffered from the international isolation.
So Stresemann achievement lead the western Europe country to peace. However, there were some problems in Treaties of Locarno. Firstly, the Eastern front of Germany was anxious. Russia was not involved in this treaty and thought that the Treaties of Locarno was a western Europe union against Russia. But, Stresemann made the Treaty of Berlin in that certified when Germany or Russia are attacked by any other country, they will be a neutral country.
So Stresemann did not only be friends with western Europe countries but also with Russia.
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Another problem in Treaties of Locarno was the border lines between Poland because the treaty did not indemnified about the eastern border lines of Germany. There was problem of Polish corridor. So the Treaties of Locarno was succeed in make a piece in western Europe but there were some uneasy elements in eastern border of Germany.
Dawes plan did succeed to postpone the payment of the Treaty of Versailles. The first year of the payment is reduced to One billion Goldmark and it will increase gradually and in five years, it will return to 25billion Goldmark. As I showed, the reparation of Treaty of Versailles was a big issue for German economy. Also by making the issue of Dawes bonds, it allowed private capitals from United states to come in Germany. That means that Germany loaned 8billion Goldmark from the United States. Thanks to Dawes plan, Ruhr was released from occupation. These things helped Germany to rebuild German economy.
Besides, Charles Dawes received the Nobel price in that shows how his work was evaluated in that time. So Dawes plan was quite succeed. However, this plan was still not good enough because it did not reduce the payment and that led the United States to make Young plan Young plan did reduced German reparation to 73 Goldmark.
In the field of economy, Dawes plan and Young plan are diplomacy but it helped German economy Stresemann's achievements were successful. Jahrhundert S. Vera Lex Historiae.
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Helmut Altrichter Hg. Wendepunkte der salischen Geschichte in Bild und Text S. Quattro Coronati vor dem Hintergrund des Entstehungsjahres Le Moyen Age, deren Mit-Hg. Srednie veka, vypusk 57 [Das Mittelalter Bd. Repina , "Frauengeschichte": theoretische und methodische Probleme S. Gorjainov , A. Im Teil "Publikationen" findet man drei Texte: S. Buch von Eriugena. Internationale Bibliothek der Wissenschaften Bd. Ferdinand Gregorovius und Italien. Mommsens entstand, die Auseinandersetzung mit B.