•Gustav Stressman became Chancellor / Foreign Minister
•Introduced rentenmark to replace valueless mark. Borrowed money from abroad to guarantee value and build confidence in rentenmark.
•Urged workers in Ruhr to stop protests.
•Borrowed money to set up government building schemes. Workers needed for these schemes cuts unemployment rates.
•Brought Germany into LoN
•Locarno Pact: recognises borders of Germany, Britain, France.
•Kellogg-Briand Pact: Would not go to war EXCEPT in Self-defence.
•Dawes Plan: Parker Gilbert. Pay less, US Loan, French out of Ruhr, Gold to Gilbert to invest and interest gained used for reparations + profit from railway.
•Young Plan: Cut reparations to 25% of originally planned. +59years to pay.
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