1923

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What did Germany not pay in 1922?
Reparations to Allies
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Which country did Germany have to pay war debts to?
USA
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What happened in January 1923?
French & Belgian troops entered the Ruhr to take what they were owed
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What did the Government order workers to do?
Go on strike
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How did the French react after the strike?
Killed over 100 workers
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What did the Government do as a result of having no goods?
Printed more money
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What did the Government do with the newly printed money?
Pay off war loans of over £2,200 million
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Why did printing off new money cause a chain reaction?
Prices & wages rocketed but the money was worthless
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Which social class suffer the most and why?
The middle class, with no property, who had savings in the bank
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Other cards in this set

Card 2

Front

Which country did Germany have to pay war debts to?

Back

USA

Card 3

Front

What happened in January 1923?

Back

Preview of the front of card 3

Card 4

Front

What did the Government order workers to do?

Back

Preview of the front of card 4

Card 5

Front

How did the French react after the strike?

Back

Preview of the front of card 5
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