Economic developments: Stresemann; the Dawes Plan; industry, agriculture and the extent of recovery; the reparations issue and the Young Plan
Between 1924 and 1929, Germany's economy recovered significantly under Foreign Minister Gustav Stresemann. Two international agreements — the Dawes Plan and the Young Plan — restructured Germany's war debt repayments and unlocked foreign loans.
Real World
Under the Dawes Plan (1924), American banks like J.P. Morgan lent Germany 800 million gold marks, allowing factories to reopen and unemployment to fall — but this recovery depended entirely on continued US lending.
Exam Focus
Stress the fragility of recovery: phrases like 'dependent on American loans' and 'built on unstable foundations' directly target the higher mark bands for analysis.
Essay Framework
Use PEEL to structure every paragraph. Tap each step for guidance and an example.
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