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Ruhr Cris & Hyperinflation - Coggle Diagram
Ruhr Cris & Hyperinflation
the ruhr
In 1921 $50 million was paid.
In 1922 nothing was paid.
1923 rhe french took raw materials and goods because of what they were owed.
The rhur workers were told to go on strike by the government.
The french killed over 100 workers and expelled over 100,000 protesters from the region.
caused the collapse of the German
currency.
Therefore less goods to trade.
they needed money, so they printed more.
Paid off debts.
But price of goods rised.
August 1923 new goverment
Gustav Stresemann negociated payments for war and made people start working in the Ruhr again.
US loans helped Germany since:
By 1927 German indus tty seemed to have recovered vety well. In 1928 Germany finally
achieved the same levels of production as before the war. Reparations were being paid and
exports were on the increase.
treaty of versailles
Germany had to pay $6600 million in annual installments
This was 2% of Germany's annual output
People protested