WORLD HISTORY

Detailed explanation-1: -Between the period of 1924 to 1931 over 2 million new homes were built while over 200k were renovated or expanded.

Detailed explanation-2: -The years 1924 to 1929 became known as the ‘Golden Years’, as foreign relations improved and the economy prospered. Stresemann worked to improve Germany’s international relations. In the Locarno Pact of 1925, France, Belgium and Germany agreed to respect each other’s borders.

Detailed explanation-3: -Changes in the standard of living Hourly wages rose in real terms (ie above inflation) every year from 1924 to 1930, with a rise of 10 per cent in 1928 alone. Pensions and sickness benefits schemes were introduced. Compulsory unemployment insurance was introduced in 1927, which covered 17 million workers.

Detailed explanation-4: -German recovery in the years 1924-29 was partly due to the work of Stresemann who introduced the Dawes Plan which aimed to boost the German economy through US loans, beginning with a loan of 800 million marks. Reparations were sensibly staged to match Germany’s capacity to pay.

Detailed explanation-5: -What was the State of the Weimar Republic in 1924? By 1924, the Weimar Republic had been through many tests of its stability and had not collapsed or given into external pressures. Originally, there had been a lot of opposition to the Republic but Ebert had managed to stop rebellions to take over Germany.