- Created by: Milch
- Created on: 21-01-20 19:26
What were the Reperations?
- The Reperations were part of the "War Guilt" clause
- Germany was forced to take blame for WW1 and had to pay for all the damage caused
- Most German citizens highly disliked this
- £6.6 billion GBP
- $33 billion USD
French jumping into the Ruhr
- Germany stated that they couldn't pay the repremands for 3 years
- The French believed they could
So, What did the French do?
- January 1923 the french put 60,000 soldiers into the Ruhr
- Their aim was to extract money through production of the Ruhr
- They occupied major resource and production sites
How did Germany respond?
- The Weimar instructed the workers to strike instead of working
- The result was that the income of Germany fell even further making repaying harder
During the French occupation of the Ruhr : -
- The Wiemar ordered workers to resist passively
- The French killed 130 German citizens
What happened because of the collapse?
- The world gave sympathy to Germany and the Dawes act was enacted
- Germany could begin repaying the repremands
What cause the inflation?
- The workers strike in the Ruhr had made the government print more money to pay the workers
- Adding new money into the economy saw the inflation rate skyrocket
The inflation : -
- In January 1923 a loaf costed 250 marks
- In November 1923 a loaf costed 200,000,000 marks
How bad was this?
- Many workers lost their jobs and become homeless and starving
- The elderly income was fixed so they were greatly affected
- Any savings in banks would become instantly worthless
- A rise in crime as more and more people starved and become desperate
- The German economy now was reliant on the Wall street
How was it fixed?
- 1924 the Dawes plan was enacted bringing in a new currency (Rentenmark) which reset the economy
Munich Putsch 1
What was it?
- The Munich Putsch was an attempt by the Nazi party to overtake the government
- Adolf Hitler was planning to use the Hyperinflation and the strikes in the Ruhr as leverage for his rebelion
- However it fell short due to overconfidence and not enough planning
What were his ambitions
- He had hoped that his revolution was to go similarly to the Benito Mussolini in Italy
- He had hoped that he would be backed by Bavarian politicians and working class citizens
What had become of the failure?
- The Nazi party was banned
- Hitler couldn't speak publicly until 1927
- Hitler was tried for High Treason and was scentenced to 5 years in prison however only served 8 months
- He realised he must join the political race
Munich Putsch 2
- October 4th 1923
- The strike was called off by Kahr and Lossow
- November 8th 1923
- Hitler and 600 SA brown shirts broke into the local beer hall where Kahr and Lossow were
- They forced them to agree to rebel and then let them go
- Someone escaped and alerted the police to the rebelion
- November 9th 1923
- Hitler and 3,000 SA brown shirts marched into munich
- He had expected a triumphant entry
- However the police and army were waiting for them
- 16 dead SA and a complete failure