Why did Stresemann get a Nobel Peace Prize?
For Franco-German Reconciliation The German Foreign Minister Gustav Stresemann shared the Peace Prize for 1926 with the French Foreign Minister Aristide Briand. They were honored for having signed an agreement of reconciliation between their two countries in the Swiss town of Locarno in 1925.
What was Gustav stresemann known for?
Gustav Stresemann, (born May 10, 1878, Berlin, Germany—died October 3, 1929, Berlin), chancellor (1923) and foreign minister (1923, 1924–29) of the Weimar Republic, largely responsible for restoring Germany’s international status after World War I.
How did Stresemann help Germany politically?
Under Stresemann’s guidance, the government called off the strike, persuaded the French to leave the Ruhr and changed the currency to the Rentenmark which helped solve hyperinflation. Stresemann also introduced reforms to help ordinary people such as job centres, unemployment pay and better housing.
What was Gustav stresemann legacy?
Legacy. By virtue of his six years of service as foreign minister and the esteem he enjoyed, particularly abroad, Stresemann made an essential contribution to securing the Weimar Republic’s stability and survival for a few years.
How are the years of Stresemann referred to by many Germans?
Many Germans hated the French and British still for the harsh peace terms. It is really important to know that this period is known as the Weimar Republic’s “Golden age”.
Who introduced Rentenmark?
The Rentenmark was a new currency issued by the Rentenbank (created by Stresemann). The aim of the Rentenmark was to replace the old Reichsmark which had become worthless due to hyperinflation.
How did Gustav stresemann help Germany recover?
Stresemann’s single greatest achievement as Chancellor was to end hyperinflation. He did this in just three months by: Calling off the ‘passive resistance ‘ of German workers in the Ruhr . This helped to restore confidence in the German economy both internally and internationally.
How did Gustav stresemann help Germany economy recover?
Gustav Stresemann and Recovery from the 1923 crisis. He scrapped the old Currency, the mark, and brought in a new one – The Renten (temporary) mark It stopped hyperinflation and made German money worth something again. People were able to buy goods and be properly paid, increasing confidence. ….
What were Gustav Stresemann failures?
His aim in foreign policy was to restore Germany to ‘great power’ status. Some claim that he failed in his main aim of reversing the Versailles treaty.