impact of ToV on Germany Flashcards
who expoilted hatred of the treaty
adolf hilter
when was the first instalment of reparations paid?
1921 (50 million pounds)
how much did gr pay in reparations in 1922?
nothing
how did fr react to german passive resistanve in the ruhr
harshly. they killed 100 soldiers and expelled 100,000 protestors from the region
what did the invasion of the ruhr+ gr passive resistance lead to ?
hyperinflation
what happened to wages during hyperinflation
had to be paid daily rather than monthly
who gained from hyperinflation
big industrilists and government- they could pay off their huge debts
who suffered from hyperinflation
- prisoners (their pensions werte wiped out)
- middle class (their savings were wiped out)
did the Tov cause all the problems in post-war germany?
no- but german people blamed the treaty for probelms that had nothing to do with it. This bitterness was exploited later by hitler and the nazis
how did the hyperinflation end
On 15 November 1923 : the German central bank, stopped monetizing government debt, and a new means of exchange, the Rentenmark, was issued next to the Papermark
