Economic Crisis

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  • Economic Crises (1918-23)
    • Wartime & demobilisation inflation
      • Wartime shortages caused prices to rise
      • Government expenditure continued - supporting war widows, injured veterans and millions of demobilised soldiers
    • Reparations
      • As inflation rose, the currency weakened
        • Tried to suspend payments but Allies didn't accept 1922
    • Hyperinflation
      • After the war & Ruhr inflation grew even more
      • Mark became worthless
      • Printed more money
      • New government of Gustav Stresemann
        • Failed to resolve crisis
    • The Ruhr Crisis 1923
      • Refused to cooperate
  • Inflation because of increased supply of money
    • Meant that money was worth less
    • Wartime & demobilisation inflation
      • Wartime shortages caused prices to rise
      • Government expenditure continued - supporting war widows, injured veterans and millions of demobilised soldiers
  • Germany paid the workers & the owners compensation
    • Set the economy back further
    • The Ruhr Crisis 1923
      • Refused to cooperate

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