The Crisis of 1923
- Created by: laurenmay20
- Created on: 14-03-22 11:20
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- The Crisis of 1923
- The Occupation of the Ruhr
- In January 1923, Germany fell behind in its reparation payments and France and Belgium occupied the Ruhr
- This united Germany; reparation payments were halted and workers in the Ruhr went on strike
- This put pressure on the economy and added to inflation
- This was made worse by the government printing money to pay the strikers
- The French brought in their own workers and this increased tensions further
- In January 1923, Germany fell behind in its reparation payments and France and Belgium occupied the Ruhr
- Hyperinflation
- The war had caused inflation in Germany
- But by printing more money to pay the strikers and compensate for lost tax revenues, the value of the mark fell so it was worthless
- This destroyed savings and ruined those on fixed incomes
- Prices rose so fast that the black market and barter flourished
- Some, such as industrialists, did gain from this situation
- The war had caused inflation in Germany
- Munich Putsch
- Bavaria was governed by a conservative Catholic regime
- It wanted to unite the nationalist right, which included the Nazi Party, to restore traditional values
- Despite some opposition, the plan was for a putsch in Munich and then a march on Berlin
- Hitler acted and seized the Bavarian state governor
- After initial success, it was defeated by police
- Sixteen Nazis and three police were killed; Hitler was arrested, put on trial and sentenced to imprisonment for five years, but was released after nine months
- Bavaria was governed by a conservative Catholic regime
- The Occupation of the Ruhr
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