Economic Problems in the early 1920's
- Created by: Crmorgan2003
- Created on: 15-03-20 17:15
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- Economic Problems in the early 1920's
- WW1 had a huge impact on economy.
- By 1919, National debt was at 144,000 million marks
- The cost of rearmament before the war & during were huge.
- Reparations (TofV) made matters worse.
- Requests to remove payments in 1922 were refused.
- the German Gov wouldn't be able to repay by 1923 or 1924.
- By 1922, national debt had risen to 469,000 million marks.
- Some Allies suggested that the German gov had deliberately made things worse
- an excuse to stop reparations altogether.
- the French response was to occupy the German Industrial area of the Ruhr.
- they sent engineering there in Jan 1923 to secure coal.
- they claimed the Germans should be paying them as well as reparations
- they sent engineering there in Jan 1923 to secure coal.
- WW1 had a huge impact on economy.
- The Occupation of the Ruhr and Hyperinflation
- The German Gov instructed workers in the area to not cooperate with the occupying forces.
- Offer passive resistance
- Refuse to mine the coal
- Suspension of reparation payments.
- French and Belgian forces responded by arresting all mine owners
- from this they took over the mines & railways.
- The German Gov instructed workers in the area to not cooperate with the occupying forces.
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