Economic crisis in Germany 1923

Occupation of the Ruhr:

• people stopped working;
• disobiedience, strikes and riots;
• took over factories mines and shops;
• violence from the French;
• lost more money than they already had.

Reparations:

• exsisted before;
• £6.6 billion in goods and gold;
• couldn't afford to make payments;
• left in debt with other coutries.

Printing money:

• more money in circulation;
• loses its value;
• loss in confidence of the mark;
• inflation increase.

• loss in confidence of mark;
• mark became worthless;
• prices could rise 20%-1005 a day;
• major food shortages.

• those with savings, war bonds and pensioners;
• businessmen- couldn't buy imports&new technologies;
• landlords and those reling on benefits;
• Government seen as incompetent;
• Jews became hated.

• new currency;
• cut expenditures and dismissed civil servants;
• called off passive-resistance;
• joining league of nations;
• Kellog-Briand pact;
• the young plan;
• Locardo treaties;
• Dawes plan.

Successes

• Extreme parties gained less support in elections. This was a success because there was less divide in the country.
• The economy appeared to be recovering. This was a success because Germany can start to pay off the reparations easier.
• Germany's culture was growing. This brought more tourists to Germany- meaning more money.

Failures

• there were still people opposing the Weimar republic. This is a problem as the country may not have been united.
• Germany still relied on american loans. This is bad because they could have been withdrawn at any time.
• some of the entertainment in Berlin was seen as corrupt and obsessed with sex. This could be a bad thing as people wouldn't visit.