HideShow resource information
View mindmap
  • Hyperinflation
    • Germany couldn't keep up with their reparations. The French wanted them to pay what they owed.
    • In January 1923, French and Belgian troops invaded the Ruhr, the richest industrial area in Germany.
      • They took over all the factories and mines in the area.
    • German troops were ordered to stand aside and let them occupy the area.
    • Goods and materials were seized.
    • Germans were furious about what was happening but the government couldn't do a lot to stop the invasion.
    • Workers in the area responded with passive resistance.
      • Refusing to work.
      • People across Germany admired their actions.
      • Made the economy weak as money from products was no longer being gained.
    • The government did not have enough money to pay workers for their passive resistance.
      • Ebert decided to print more money.
        • The value of money went down and the price of things went up.
    • Elderly people on fixed pensions found these were now worthless.
    • Workers were, to some extent, protected as they were paid higher wages. Workers did hurry to spend wages before they became worthless.
    • Trading goods became common.
    • People with debts and loans benefitted as they could easily pay back the money at the fraction of the cost.
    • The rich were protected but the middle classes saw their savings and businesses be destroyed.


No comments have yet been made

Similar History resources:

See all History resources »See all Life in Germany resources »