The 1923 crisis

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  • The 1923 Crisis
    • Effects of hyperinflation
      • The losers
        • middle class lost their savings
        • people living on fixed incomes or welfare support
        • ordinary workers as wage increase did not keep up with the rate of inflation
      • The winners
        • Landowners, businessmen, and homeowners could pay off debts, mortgages and loans
    • communist action
      • In october leaders plnned general strikes in saxony and thuringia
        • Ebert acted firmly and the insurgency was suppressed almost before it began
      • Their support grew as inflation got worse
      • The army and police crushed a workers revolt in hamburg
    • The ruhr crisis
      • Germany had failed to pay reparations in January 1923
        • French and belgium troops occupy the ruhr
          • Weimar government supported passive resistance and ordered the workers to strike
      • economic impact
        • Government printed more money
          • The mark was then worthless
        • By late 1923 one loaf of bread cost 100 billion marks
    • Munich Putsch November 1923
      • hitler planned to go ahead even though Bavarian state leader had backed down
        • 8th November Hitler and 600 men surrounded the beer cellar where Kahr was
          • When let free Kahr warned berlin of hitlers plan
            • 9th november hitler led 3000 men into munich only to be met by armed police opening fire
              • Hitler arrested
              • 16 members died
      • Hitler planned to win control of Bavaria and then march on to berlin

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