An Economic Bridgehead: Weimar Germany's Attempt to Mediate Between Soviet Russia and the United States

Between 1919 and 1926 Weimar Germany pursued a foreign policy that sought to place Germany in a position to mediate between Soviet Russia and the United States. In particular, Berlin was eager to act as a mediator in the economic and commercial relations between these two powers. Germany hoped that such a policy would align it with two Powers that, like itself, were hostile to the Versailles order. Berlin also hoped that such a relationship would contribute to German postwar economic recovery and thereby to Berlin's re-emergence as a Great Power in the aftermath of its defeat in 1918. This policy culminated in 1925–1926 with Berlin's efforts to arrange for American financing of a 300 million Mark credit to the Soviet Union. Ultimately this and other efforts failed as result of Germany's own financial weakness, Washington's refusal to cooperate with Berlin's initiatives, and the nature of the Soviet economic system.