On 13 August 1923, Stresemann was appointed Chancellor and Foreign Minister of a grand coalition government in the so-called year of crises (1923). In social policy, a new system of binding arbitration was introduced in October 1923 in which an outside arbitrator had the final say in industrial disputes.
On 13 August 1923, Stresemann was appointed Chancellor and Foreign Minister of a grand coalition government in the so-called year of crises (1923). In social policy, a new system of binding arbitration was introduced in October 1923 in which an outside arbitrator had the final say in industrial disputes.