A new currency (the Schacht Rentenmark) replaces the Reichsmark: price stability restored [5].
1924
The Reichsmark replaces the Rentenmark and Germany rejoins the gold standard.
Dawes Plan (for the rescheduling of reparations and the provision of loans from the US etc) agreed [6][7].
1925
Hindenburg elected President
1926
1927
Black Friday. Stock market crash[8]. Outflow of short-term capital. Discount rate increase.
1928
1929
Collapse of Frankfurter Allgemeine Verischerungs AG and runs on savings banks
1930
Coalition government formed. Heinrich Brünig becomes Chancellor.
2nd reparations conference at The Hague.
Young Plan (further rescheduling reparations payments but giving priority to the repayment of debts to the United States) agreed [9].
1931
Banking crisis. Runs on banks. Closure of Darmstädter bank. Bank holiday. Credit crunch [10]
President Herbert Hoover announces a one year moratorium on reparations and war debts-and the provision of a $ 150 million credit to the Reichsbank [11].
1932
Franz von Papen becomes Chancellor.
Lausanne Conference agrees to the suspension of reparations payments by Germany [12]