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In 1923, Germany’s economy wasn’t just in trouble; it had ceased to function. Hyperinflation had made its currency a joke. In the middle of this chaos, Gustav Stresemann’s government negotiated two crucial international agreements that would define the so-called “Golden Years”: the Dawes Plan (1924) and the Young Plan (1929). These plans were designed to fix the crippling problem of reparations and put Germany back on its feet. But what was their real impact? Were they a miracle cure that healed the German economy, or just a temporary painkiller that created a dangerous addiction? For your AQA exam, you need…
