In order to consider the significance of Gustav Stresemann, we must consider the different ways in which he was significant and the ways he wasn’t. I agree that he was a significant person in Germany, but to a certain extent. He was primarily significant for stopping hyperinflation, arranging a “Great Coalition” of the moderate prodemocracy parties, massive reparations, and he sent the Ruhr workers back to work for the French. He was a moderately significant person. His impact was mainly on Germany and the people of Germany. Over time, the significance of Gustav Stresemann changed in the following ways: his plans destroyed the German economy, which had them pay the loans back to USA, and they could call them anytime. Hyperinflation had some
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In Weimar Germany, prices started to rise to match inflation. It wasn’t long until things got out of control and hyperinflation set in. This cause prices to go up tremendously, just for a loaf of bread it cost 163 marks. In September 1923, this had caused the prices to go up to 1,500,000 marks and they were at the peak of hyperinflation, in November 1923, the price of a loaf of bread was 200,000,000,000 marks. The impact of hyperinflation was immense, people were being paid by the hour and being rushed to pass money to loved ones so that it could be spent before its value meant it was worthless. The people had to shop with wheel-barrows full of money, Bartering had became common. Bartering is the exchange of goods or services for other goods or services without using money. Gustav Stresemann was trying to mitigate the fact of hyperinflation by introducing a new currency. This replaced the old currency and the old blank notes were destroyed. This also quickly brought inflation under control and the people who had lost their saving due to hyperinflation compensated. They were also angry blaming the Weimar government for their losses. He was a German politician and statesman who served as Chancellor in 1923 for 100 days and Foreign Minister 1923-1929, during the Weimar Republic. He also lead the Weimar Republic, he was trying to make sure that he could be able to save Germany as well as the Weimar Republic. He saved Germany from collapsing, but they still had to pay reparations and there were still threats made plus they had to pay war debts. He helped rebuild the German economy and made a new currency that worked for all of the classes. He also helped them improve the buildings, homes, and the roads. Stresemann also persuaded the French to leave the Ruhr and sent Ruhr workers back to work for the French. He had stopped hyperinflation and had stopped them from
In Weimar Germany, prices started to rise to match inflation. It wasn’t long until things got out of control and hyperinflation set in. This cause prices to go up tremendously, just for a loaf of bread it cost 163 marks. In September 1923, this had caused the prices to go up to 1,500,000 marks and they were at the peak of hyperinflation, in November 1923, the price of a loaf of bread was 200,000,000,000 marks. The impact of hyperinflation was immense, people were being paid by the hour and being rushed to pass money to loved ones so that it could be spent before its value meant it was worthless. The people had to shop with wheel-barrows full of money, Bartering had became common. Bartering is the exchange of goods or services for other goods or services without using money. Gustav Stresemann was trying to mitigate the fact of hyperinflation by introducing a new currency. This replaced the old currency and the old blank notes were destroyed. This also quickly brought inflation under control and the people who had lost their saving due to hyperinflation compensated. They were also angry blaming the Weimar government for their losses. He was a German politician and statesman who served as Chancellor in 1923 for 100 days and Foreign Minister 1923-1929, during the Weimar Republic. He also lead the Weimar Republic, he was trying to make sure that he could be able to save Germany as well as the Weimar Republic. He saved Germany from collapsing, but they still had to pay reparations and there were still threats made plus they had to pay war debts. He helped rebuild the German economy and made a new currency that worked for all of the classes. He also helped them improve the buildings, homes, and the roads. Stresemann also persuaded the French to leave the Ruhr and sent Ruhr workers back to work for the French. He had stopped hyperinflation and had stopped them from