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Which country had provided significant loans to the allies during WW1?
USA
As a result of economic hardship, what does Germany fail to do twice in late 1922?
Fails to repay reparations
Where did French and Belgium troops occupy in January 1923?
The Ruhr
Why was the Ruhr important to Germany?
A key industrial centre
What do French and Belgium troops take from the Ruhr instead of cash payments?
Industrial resources e.g. coal
What form of resistance did the German government urge workers to take?
Passive resistance
What finally removed French and Belgium troops from Germany in 1925?
Dawes Plan
What problem did the French and Belgium make worse for Germany?
Hyperinflation
What were the main causes of Germany’s hyperinflation problem?
Printing more money due to the failure to pay reparations
By Nov 1923 how much did it cost to buy a loaf of bread in Germany?
200bn marks
Can you give two groups of people that hyperinflation had a negative impact on?
Middle classes
People with savings
Pensioners
Can you give two groups of people that benefitted from hyperinflation?
People with debts, loans, and farmers