1923

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

The cost

• £6.6 billion GBP
• or
• $33 billion USD

What happened?

• 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

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

Timeline:

• 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