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jan 1, 1923 - Invasion of Ruhr hyperinflation violence in berlin

Description:

Germany couldn’t keep up its Reparations
payments to France
France decided to teach Germany a lesson by invading its most important industrial area, the Ruhr. The Ruhr contained over 80% of
Germany’s steel production. The French thought they could take over this
valuable steel production to make up for Reparations Germany had missed.
• The Weimar Government was outraged. The Workers in the Ruhr refused to work for the French and went on strike.
• This damaged the economy more, as they then had no money to spend.
• The Weimar Government tried to help them by printing more money for them to live on.
The Government printed moe money to help the workers continue their strick. Therefore, more money = low value of the money = money became worthless

Added to timeline:

1 May 2022
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Date:

jan 1, 1923
Now
~ 102 years ago