2.4A&B The Weimar Republic In Trouble Flashcards
1
Q
Hyperinflation def
A
Sudden, dramatic increase in prices
2
Q
Passive resistance def
A
Protesting against government or laws using non violent acts
3
Q
When did hyperinflation occur?
A
1923
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
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
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
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
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
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
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