Loss Of WW1 And Its Effects Flashcards
Why was economical confidence low and how did this effect the government?
The economy was unstable, so people didn’t invest in businesses. Profits were low, so the gov received much less money from Tax
Why was it hard for Germany to raise money to pay reparations?
Germany lost important economical land, such as the Saarland coal mines, and the upper Silesia coal reserves.
How much did Germany have to pay each year?
£100 million, as well as 1/4 of the value of their monthly exports. Germany had to borrow £50 million.
What happened with the new French president to worsen the economical and political situation?
Germany asked for another moratorium, and poincaré refused, then threatened to take the Ruhr coal mines
What is a moratorium?
A break from payments
