Rhur and hyperinflation

Cards (65)

  • What did workers carry as they streamed out of the factory?
    Pay packets, often in old cigar boxes
  • What did the wives do with the money they grabbed from their husbands?
    They rushed to the nearest shops to buy food before prices went up
  • How did the payment schedule affect workers on monthly pay compared to those on weekly pay?
    Employees on monthly pay were worse off than workers on weekly pay
  • What happened to people living on fixed incomes during this time?
    They sank into deeper and deeper poverty
  • What was a common sight in the streets during hyperinflation?
    Handcarts and laundry baskets full of paper money
  • What did thieves do when they stole baskets of money?

    They tipped out the money and left it on the spot
  • What was the dry joke that spread through Germany during hyperinflation?
    Papering one's WC with banknotes
  • What did some people make for their kids out of banknotes?
    Kites
  • What was the amount Germany was ordered to pay in reparations according to the Treaty of Versailles?
    132 billion gold marks or £6.6 billion
  • What year is referred to as the "Year of Crisis" in Germany?
    1923
  • What was the payment schedule for the reparations?
    Yearly instalments for the next 66 years
  • What does the term hyperinflation refer to?
    Hyperinflation is an extremely high and typically accelerating inflation rate.
  • What did the Weimar Government state in 1922 regarding reparations?
    They would not be able to pay the next three years' instalments due to economic hardship
  • What were the impacts of hyperinflation in Germany?
    Normal living became impossible, leading to shortages and suffering among the population.
  • How did the French and Belgians react to the Weimar Government's inability to pay reparations?
    They were very angry and marched into the Ruhr
  • How was hyperinflation in Germany resolved?
    The study material does not specify the resolution of hyperinflation.
  • What did the French aim to take control of in the Ruhr?
    Factories, mines, railways, and natural resources
  • What does the term "putsch" mean?
    A putsch refers to a violent attempt to overthrow a government.
  • What did the French do to Germans who questioned their actions during the occupation?
    They arrested them
  • Who were the Spartacists?
    The Spartacists were a revolutionary socialist group in Germany.
  • What was the initial response of the German people to the French occupation of the Ruhr?
    It was met with passive resistance
  • Who were the Freikorps?
    The Freikorps were paramilitary groups composed of World War I veterans in Germany.
  • What did the Weimar Government instruct Ruhr workers to do in response to the occupation?
    To go on strike
  • Why did the Kapp Putsch happen?
    The Kapp Putsch occurred due to opposition to the Weimar government and its policies.
  • What was one of the consequences of the French reaction to the strike in the Ruhr?
    Over 100 strikers were killed
  • Why did the Kapp Putsch fail?
    The Kapp Putsch failed due to a general strike that paralyzed the country.
  • What happened to the homes of people involved in the strike?
    15,000 people were thrown out of their homes as punishment
  • How much did Germany owe in reparations after World War I?
    The study material does not specify the exact amount of reparations owed by Germany.
  • What was one of the most important results of the Occupation of the Ruhr?
    It caused a shortage of goods, leading to rising prices
  • What significant event occurred in October 1918 in Germany?

    A new German government was formed.
  • What is inflation?
    It means that people had to pay more money to get what they needed
  • What happened in November 1918 in Germany?
    The Armistice was signed.
  • How did the government respond to the strike in the Ruhr?
    They decided to pay the workers for not working
  • What was the first Weimar Election date?
    January 1919
  • What caused hyperinflation in Germany?
    The government printed large amounts of money to pay striking workers
  • What event occurred on January 6, 1919?
    The Spartacist Uprising took place.
  • What was the cost of a loaf of bread by the end of 1923?
    201 billion marks
  • When was the Treaty of Versailles signed?
    June 1919
  • What were the key events leading to hyperinflation in Germany?
    • Treaty of Versailles imposed reparations on Germany.
    • Weimar Government declared inability to pay reparations.
    • French and Belgian occupation of the Ruhr.
    • Passive resistance turned into strikes.
    • Government printed money to pay striking workers, leading to hyperinflation.
  • What significant event occurred in March 1920?
    The Kapp Putsch occurred.