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Words: | Submitted: Tue Oct 17 2006
... currency introduced by Stresseman, in order to help stop inflation (in the short run.) The Dawes Plan, along with the Young Plan were examples of this great statesman's work, as he battled hard to reduce the reparation repayments to slightly more realistic amounts for Germany. The Dawes Plan successfully reorganised the whole of the Reichsbank, reduced the total reparations bill by spreading out repayments with annual payments. The Young Plan was a similar record of achievement by Stresseman, in the interests of his own country, where he managed to revise the total reparations amount and fix a date for it to be paid back by, along with withdrawing troops from the Rhineland, a whole 5 years ahead of the time set! The Locarno pact's also allowed Stresseman to protect Germany's Eastern borders by leaving the door open for further revisions of the European map. These were not the only successes that ...
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