Gustav Stresemann

Gustav Ernst Stresemann (; 10 May 1878 – 3 October 1929) was a German statesman who served as chancellor of Germany from August to November 1923, and as foreign minister from 1923 to 1929. His most notable achievement was the reconciliation between Germany and France, for which he and French Prime Minister Aristide Briand received the Nobel Peace Prize in 1926. During a period of political instability and fragile, short-lived governments, Stresemann was the most influential politician in most of the Weimar Republic's existence. Stresemann attended the University of Berlin and Leipzig University, where he studied political economy, history and international law and developed his vision of liberalism and nationalism, a combination of views that would define his political career. After obtaining his doctorate, Stresemann worked in trade associations before entering politics. In 1907, he was elected to the Reichstag as a deputy for the National Liberal Party. He lost his seat in 1912 but was reelected two years later. During the First World War, he was a vocal advocate for German militarism and expansionism. Exempted from war service due to poor health, he gradually became the National Liberals' de facto leader, before formally taking over the party in 1917. Germany's defeat and the fall of the Hohenzollern monarchy came as a significant shock to Stresemann, forcing him to gradually reassess his previous positions. He founded the German People's Party (DVP) and, despite his own monarchist beliefs, came to grudgingly accept Weimar democracy and became open to working with the centre and the left. In August 1923, Stresemann was named chancellor and foreign minister of a grand coalition government. During his brief chancellorship, he abandoned the policy of passive resistance against the French-Belgian occupation of the Ruhr, and introduced the Rentenmark in an attempt to tackle hyperinflation in the country. In November, Stresemann's reshuffled government collapsed after the Social Democratics withdrew from the coalition. He resigned as chancellor following a vote of no confidence, but remained as foreign minister in the new government led by Wilhelm Marx. His first major diplomatic success was the 1924 Dawes Plan, which reduced Germany's overall reparations commitment.