The Hyperinflation Crisis, 1923 Flashcards
1
Q
How much did Germany pay to France in 1921?
A
50 million pounds.
2
Q
How did France respond when Germany didn’t pay France and Ebert tried to negotiate?
A
France and Belgium troops took what was owed to them in the form of raw materials and goods
3
Q
How did the German government respond to France and Belgium taking their raw materials/goods?
A
They ordered the workers to go on strike so there would be nothing to take.
4
Q
How did the French respond to workers going on strike?
A
They killed 100 workers and expelled 100,000 protesters from the region.
5
Q
Give three reasons why the German economy collapsed.
A
Halt in industrial production.
The government printed a lot of money to the point it became worthless.
They had to pay 6.6 billion pounds from the First World War.
