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10 October – An international loan is granted to Germany to help the reconstruction of Germany's economy and industry. 18–30 November – France and Belgium return control of the Ruhr to Germany in the Occupation of the Ruhr. 7 December – German federal election, December 1924; German company Hugo Boss was founded.
Federal elections were held in Germany on 7 December 1924 to elect the third Reichstag of the Weimar Republic. [1] [2] [3]The elections took place just six months after the previous elections in May due to the political impasse following the passage of the Dawes Plan.
Federal elections were held in Germany 4 May 1924 to elect the second Reichstag of the Weimar Republic. [1]The elections took place in the wake of several national crises the previous year: hyperinflation, the occupation of the Ruhr, conflict between the federal and state governments, as well as the Beer Hall Putsch and German October.
After Germany successfully stabilized its currency in late 1923, France and Belgium, facing economic and international pressures of their own, accepted the 1924 Dawes Plan drawn up by an international team of experts. It restructured and lowered Germany's war reparations payments and led to France and Belgium withdrawing their troops from the ...
German External Loan, issued 15 October 1924. The Dawes Report stressed in its introduction that "the guarantees we propose are economic and not political in nature". [10] The resulting Dawes Plan covered payment amounts and timing, sources of revenue, loans to Germany, currency stabilization and ending the Ruhr occupation:
1924: August: Germany and the Triple Entente agreed to the Dawes Plan negotiated by head of the United States Bureau of the Budget chief Charles G. Dawes, under which the French and Belgian occupation of the Ruhr valley was ended and the reparation payment schedule restructured. 1925: 16 October
The Reichsmark (German: [ˈʁaɪçsˌmaʁk] ⓘ; sign: ℛ︁ℳ︁; abbreviation: RM) was the currency of Germany from 1924 until the fall of Nazi Germany in 1945, and in the American, British and French occupied zones of Germany, until 20 June 1948.
The Golden Twenties (German: Goldene Zwanziger), also known as the Happy Twenties (German: Glückliche Zwanziger), was a five-year time period within the decade of the 1920s in Germany. The era began in 1924, after the end of the hyperinflation following World War I, and ended with the Wall Street crash of 1929.