Gustav Stresemann was the defining feature of stability in the latter years of the Weimar Republic. Most crucially, he secured Germany's internal borders and fostered peace between France and Germany, in the Locarno Pact of 1925. Stresemann's political pragmatism and willingness to compromise gained him international recognition as an esteemed politician of his day. Nevertheless, the growth of Germany's economy was underpinned by American loans which did not provide long-term stability when the Great Depression of 1929 hit. This undermines Stresemann's governmental abilities, but he did ultimately reignite political security whilst he was in power, and allow Germany to flourish between 1923-25.