Weimar Germany - Crisis of 1923

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Why did the crisis begin?
Germany missed a reparations payment.
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What caused the hyperinflation?
A sudden flood of paper money, a general strike and a weak economy after the war.
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What happened to the prices of goods?
Germany's currency became worthless as prices increased dramatically. A loaf of bread cost 250 marks in January 1923 and cost 200,000 million marks in November 1923.
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How did this affect people's wages?
They had to be collected in suitcases, which were considered more valuable than the money itself so they were often stolen, leaving the money.
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How quickly did prices increase?
Very - a boy went to buy 2 loaves of bread but stopped to play football, and by the time he arrived the prices had increased so he could only buy one.
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Who benefitted from the hyperinflation?
People in debt (one man borrowed money to buy a herd of cattle, and payed his debt by selling 1 cow) and those on wages, as they were renegotiated everyday.
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Who suffered from the hyperinflation?
People with fixed incomes (pensions) and those living off of savings. One woman sold her house to live off the money, and a few weeks later it wasn't enough for even a loaf of bread.
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What rebellions tried to take the power from Weimar?
Black Reichswehr, Nazis and communists.
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What was Black Reichswehr?
A nationalist group who rebelled in Berlin.
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What were the Nazis?
A facist group attempting a putsch in Munich.
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What did the communists do?
Took over the Rhineland and declared it independent, and took over the governments in Saxony and Thuringia.
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How close did the Weimar Republic come to collapsing?
Very close as everything got out of control.
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Which part of Germany did the French invade and why?
The Ruhr (industrial land) as they were not paid reparations, so they took the money by claiming the produce.
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How did the Germans stop the invasion of the Ruhr?
They went on strike so no produce was made.
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When did the government call off the general strike?
September 1923.
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Other cards in this set

Card 2

Front

What caused the hyperinflation?

Back

A sudden flood of paper money, a general strike and a weak economy after the war.

Card 3

Front

What happened to the prices of goods?

Back

Preview of the front of card 3

Card 4

Front

How did this affect people's wages?

Back

Preview of the front of card 4

Card 5

Front

How quickly did prices increase?

Back

Preview of the front of card 5
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