French Occupation of the Ruhr + Hyperinflation Flashcards
why did hyperinflation occur
Germany failed to pay first reparations in 1922 so the French tried to get payed in kind (coal,iron)
when was the French Occupation of the Ruhr
1923
what is passive resistance
not cooperating with the French and Belgians
how did they resist passively (4)
1) refusing to work
2) setting factories on fire
3) sabotaging pumps in the mines
4) Refusing to sell stamps and run trains for them
what were the positive effects of the invasion
1) German strikers shown as heroes
2) Weimar popularity temporarily increased
what were the negative effects of the invasion
1) disastrous effects on economy
2) Gov had to pay strikers so they printed more money which led to hyperinflation
3) fewer goods produced which worsened inflation
how many marks for $1 in 1914
4 marks
how many marks for $1 in Jan 1923 compared to Nov 1023
17,972
4.2billion
how did hyperinflation effect price rises
negatively: wages could not keep up with prices
price of bread in july 1923 compared to nov 1923
3,465
201billion
how did hyperinflation effect business men
positively : debts were wiped and some took in small failing businesses
how did hyperinflation effect fixed income people
negatively : pensions became worthless
how did hyperinflation effect farmers
positively : benefit from price rises
how did hyperinflation effect workers
negatively :wages lagged behind price rises
how did hyperinflation effect middle class
negatively : lost faith in weimar gov
