"It is not necessary in this account to follow year by year this complex and formidable development with all its passions and villainies, and all its ups and downs. The pale sunlight of Locarno shone for a while upon the scene. The spending of the profuse American loans induced a sense of returning prosperity. Marshal Hindenburg presided over the German State; and Stresemann was his Foreign Minister. The stable, decent majority of the German people, responding to their ingrained love of massive and majestic authority, clung to him till his dying gasp. But other powerful factors were also active in the distracted nation to which the Weimar Republic could offer no sense of security and no satisfactions of national glory or revenge."