2.4A&B The Weimar Republic In Trouble Flashcards

1
Q

Hyperinflation def

A

Sudden, dramatic increase in prices

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2
Q

Passive resistance def

A

Protesting against government or laws using non violent acts

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3
Q

When did hyperinflation occur?

A

1923

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4
Q

What was the cause of Germany’s hyperinflation?

A
  • Germany had to pay reparations for the next 66 years, it managed to scrape together its first instalment to give to France and Belgium in 1921
  • it payed in gold but mostly in goods such as wood and coal
  • it could not afford to pay the second instalment
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5
Q

What happened when the Germans couldn’t pay the second instalment?

A
  • France and Belgium didn’t believe them
  • in 1923, 60,000 french and Belgian troupes marched into the Ruhr (industrial area of Germany)
  • they took control of every factory, mine, and railway in the region, took food and goods from all the shops and arrested Germans who stood up to them
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6
Q

What happened after the french and Belgian troupes took away what was owed to them?

A
  • German government ordered workers not to fight back, but instead go on strike and not help the soldiers remove goods (passive resistance)
  • french and Belgian soldiers killed 100 and 15000 people were thrown out of their homes as punishment
  • German government continues to pay workers on strike
  • Germany running short on money bc Ruhr wasn’t producing any goods (coal, iron, and steel) to sell to other nations
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7
Q

How did the government pay for striking workers?

A
  • they printed large amounts of money
  • striking workers paid for not working, so shopkeepers began raising prices
  • as shops raised prices all over Germany, the government responded by printing even more money
  • the more money the government printed, the faster prices went up
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8
Q

What happened when prices went up even more?

A
  • the faster prices went up, the faster people spend their wages
  • people were being paid twice a day
  • people carried their wages in wheelbarrows and it wasn’t enough to buy a decent meal
  • Weimar government lost support. People lost their life savings and were looking for someone to blame
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9
Q

What was the result of the hyperinflation on the value of money?

A
  • German money was worthless
  • people started using money to light fires, make paper planes or kites
  • for most Germans, 1923 was the worst day since WW1
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10
Q

How were various people impacted by the hyperinflation?

A
  • people with savings in the bank were the biggest losers - their life savings couldn’t buy them a loaf of bread
  • elderly people who lived on fixed pensions found their income couldn’t buy what they needed
  • many small businesses collapsed as normal trade became impossible due to daily price changes
  • people who had borrowed money found it very easy to pay off their debts
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