Events in the Ruhr and Hyperinflation
- Created by: Vader26
- Created on: 06-03-22 16:26
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- Hyperinflation
- Causes
- Extensive borrowing of money during WW1
- Reparations the government could not pay
- Loss of wealth-creating areas thanks to ToV
- Invasions
- Significance
- Stirred up old enmities and reminded people of the war
- Fueled the Germans' hatred of France and Belgium
- Strikers became heroes as the stood up to the Treaty and showed the German people had not been crushed
- Significance
- Crisis
- Nov 1923 - Currency value rapidly falls
- People on fixed income found themselves with nothing
- Businessmen could pay off money they'd borrowed
- Food shortages allowed farmers to earn more
- Foreigners in Germany could suddenly afford things normal Germans couldn't by exchanging their pounds or dollars for billions of marks
- Government humiliated (again)
- Nov 1923 - Currency value rapidly falls
- Causes
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