Franco-Belgian occupation
of the Ruhr (11 Jan 1923 Jahr – 1 Jan 1925 Jahr)
Beschreibung:
-(1923-25)
-Ruhr: industrial region of Germany
-response to failure of Germany to pay 2nd installment of reparations - taking reparations in raw materials etc.
-workers' response: passive resistance/non-cooperation (fall in production), supported by government (expensive)
-more money printed --> hyperinflation by Nov. 1923 ($1 = 4.2 trillion marks)
-consequences of hyperinflation: life savings lost, economic ruin for people on fixed income/pension, barter economy, misery, further resentment + loss in confidence in Weimar government to resolve problems/crises (--> anti-republicanism)
-Ruhr problem resolved under Stresemann: called off passive resistance, & promised German commitment to paying reparations
Zugefügt zum Band der Zeit:
Datum:
11 Jan 1923 Jahr
1 Jan 1925 Jahr
~ 1 years and 11 months