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The period 1924–1929 is often described as the 'Golden Age' — economic recovery, political stability, diplomatic achievement, and cultural brilliance. Yet was Weimar genuinely prosperous, or were the foundations dangerously fragile?
Key Definition: The 'Golden Age' refers to the period of relative stability between 1924 and 1929, associated with Gustav Stresemann (Chancellor August–November 1923, Foreign Minister 1923–1929).
He pursued a policy of fulfilment — cooperating with the Allies to revise Versailles from within.
| Action | Significance |
|---|---|
| Ended passive resistance in the Ruhr (Sept 1923) | Stopped haemorrhaging government spending |
| Introduced the Rentenmark (Nov 1923) | Restored confidence in the currency |
| Suppressed communist governments in Saxony/Thuringia | Restored order |
Jonathan Wright describes him as 'the one indispensable politician of the Weimar Republic.'
The Dawes Plan (1924) restructured reparations and provided 800 million gold marks in US loans. The Young Plan (1929) reduced total reparations to 37 billion gold marks.
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