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What was the impact of the peace treaty on Germany up to 1923? (Political,…
What was the impact of the peace treaty on Germany up to 1923?
Economical
New currency
November 1923
Rentenmark
End hyperinflation
Reparations spread over the years
Inflation
Caused by high reparations
Money lost its value
1923 print more money
Prices rose fast
Lead to hyperinflation
Had to borrow money from the USA
Political
"November criminals"
Name given to people who were forced to sign the treaty
Revolutions
Communists
Nationalists
German chancellor refused signing the treaty and resigned in 1919
Wanted to overturn the treaty and wanted revenge
Accept blame for starting the war
Attacked its honour
Took its right to defend itself