The Ruhr Crisis

In January 1923, Germany failed to deliver its reparations payments in full. When it fell being in 1921, the London Ultimatum of the Allies had been that payments should be met or the Allies would occupy the Ruhr, a vital source of income for Germany because of its coal and industries. In 1923, French and Belgium troops did just that. The German Government instantly stopped all payments to France, but not the other Allies,…