With some reparations paid, the French and Belgians withdrew their troops from the Ruhr in However there were still drawbacks. Locarno marked the re-emergence of Germany onto the European stage, thanks to the leadership of Stresemann.
Payments would gradually increase for thirty-six years and would end in Despite its notable achievements with a few national policies, its inability to address socio-political weaknesses contributed to its collapse. The effort paid off; the Allies began to take a look at reforming the reparations scheme.
The old marks could be exchanged for Rentenmarks at the very good rate of , to 1. Note, Britain has a selfish interest in mind just like it did when it was the leader of the League of Nations and lacked dedication due to a focus on internal affairs.
Germany was badly affected being as she had prospered with American loans.
Germany was in no position at the time to attack, as Stresemann wrote to the Crown Prince: "The renunciation of a military conflict with France has only a theoretical significance, in so far as there is no possibility of a war with France".
Within Germany, however, these achievements were condemned by many on the right who charged that these agreements implied German recognition of the validity of the Treaty of Versailles. The Young Plan ofwhich was also introduced during the Stresemann era, formulated the final reparations settlement.
By lateStresemann gradually moved to cooperation with the parties of the left and centre — possibly in reaction to political murders like that of Walther Rathenau.