Bankruptcy :
All reserves had been used during the war
Treaty of Versailles made things worse.
Occupation of the Ruhr:
French sent troops in retaliation
Confiscated raw materials, manufactured goods and industrial machienary.
Inflation:
Shortages made prices go up.
Everyone suffered shortages - £1 cost 20 marks 1918 - £1 cost 20 billion marks 1923
Everyone found it difficult to buy what they needed
People with savings hit hardest.
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