Post-war problems (AQA GCSE History): Flashcards
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Year of Germany's hyperinflation crisis
Year of Germany's hyperinflation crisis
1923
Reparations amount set by Treaty of Versailles
Reparations amount set by Treaty of Versailles
£6.6 billion marks
Payment period for German war reparations
Payment period for German war reparations
66 years
Date Germany defaulted on reparations
Date Germany defaulted on reparations
December 1922
Countries that invaded Ruhr in Jan 1923
Countries that invaded Ruhr in Jan 1923
France and Belgium
% of Germany's industry in the Ruhr
% of Germany's industry in the Ruhr
80% of coal, iron & steel
German response to Ruhr occupation
German response to Ruhr occupation
Passive resistance
How govt funded passive resistance
How govt funded passive resistance
Printing more money
Peak month of hyperinflation
Peak month of hyperinflation
November 1923
Cost of 1 loaf of bread by 1923
Cost of 1 loaf of bread by 1923
200,000 billion marks
Groups most hurt by hyperinflation
Groups most hurt by hyperinflation
Pensioners, govt employees, middle classes
Groups that benefited from hyperinflation
Groups that benefited from hyperinflation
Farmers, debtors, property owners, foreign visitors
Why debtors benefited from hyperinflation
Why debtors benefited from hyperinflation
Could pay loans with worthless currency
Treaty requirement on war responsibility
Treaty requirement on war responsibility
Accept full responsibility for the war
When Germany made first reparations payment
When Germany made first reparations payment
1921