Reparations Flashcards
What year was the reparation total revealed?
1921
How much was the total reparation?
6.6 billion pounds
What was the consequence of Germany not paying the reparations?
The French troops invaded the Ruhr in 1923
Why did the French invade the Ruhr?
To get reparations from Germany in the forms of coal, food and other goods. They made the Germans do the work and took the goods for themselves
What was the German response to the French invasion of the Ruhr?
The government told the workers in the Ruhr to go on strike, use passive resistance
What was the governments response to the inflation?
They printed more money in 1923
What did printing more money lead to?
Hyperinflation in 1923
What was hyperinflation?
Uncontrollable price increases due to the money becoming less and less valuable and more worthless
When did Germany pay their first instalment of £50 million?
April 1921
When were Germany supposed to have laid their second instalment of £50 million but failed?
1922
Why was their hyperinflation in 1923?
The government printed more money, without having more money in the country, causing the value of each mark to decrease until it was worth almost nothing
Why was Ebert an unpopular leader?
He signed the treaty of Versailles, therefore losing the German people lots of money
Why were many Germans in poverty after 1923?
Hyperinflation meant that the prices of the products went up but the German people didn’t receive more money, they just lost all the value of their money
Why was hyperinflation such a bad problem for the Weimar Republic?
It showed they were a foolish government that forced their country into poverty, trade was impossible
How did the government deal with the hyperinflation?
Gustav Stresemann borrowed money from USA in the Dawes plan, created a new currency and extended the deadline of the reparations in the young plan in 1929
