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Explain how the German economy recovered under stresemann from 1924 but then fell into depression in 1929.
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Explain how the German economy recovered under stresemann from 1924 but then fell into depression in 1929. Germany was hit by the depression in 1929 because their economy was in a fragile but recovering state after the previous economic problems it had with the reparations from the first world war. Before the Wallstreet crash of 1929 the German chancellor was a man called Gustav Stresemann.He helped recover the German economy in a number of different ways.Firstly he called off the passive resistance in the Ruhr.He then introduced a new currency to counteract their hyperinflation problem and he negotiated with other countries about slowing the reparation payments for Germany.This allowed the new currency( the Rentenmark) to become more stable and lead to the French troops leaving the Ruhr. In 1923 he became Foreign minister and in his term leading up to 1929 he made some more great changes to Germany's economy.In 1924...
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