Early Weimar - Crises of 1923 Flashcards
How many men initially invaded the Ruhr?
60,000
Date of Invasion of the Ruhr
January 1923
What/where did French/Belgians occupy?
- Mines
- Factories
- Steelworks
- Railways
What is the Ruhr?
Industrialised area of West Germany (owned 85% of German coal)
Who was chancellor during Ruhr invasion?
Wilhelm Cuno
Define ‘passive resistance’
Don’t oppose, but don’t cooperate
How did Germany oppose the Ruhr invasion?
- Strikes
- Sabotaging facilities
Number of Germans killed during Ruhr invasion
132
Output of Ruhr during invasion
May 1923 stats:
- 33% delivery rate
- 20% output rate
How did ‘passive resistance’ impact German economy?
- Paying strikers drained resources
- Businesses impacted fired employees
- Imported coal to keep currency from imploding
- Shortage of goods increased prices
How did Germany deal with economic impact of Ruhr?
Print more money
Price of loaf of bread in Jan 1923
163 marks
Price of loaf of bread in Nov 1923
233 billion marks
Define ‘hyperinflation’
Inflation occurring at an exponential rate
List the ways hyperinflation impacted society
- Wages collected in wheelbarrows
- wages spent instantly before devaluation
- Food hoarded before prices rose
- Food riots
- No law & order
- Possessions bartered instead of money