Economy

• Ruhr occupation Jan 1923 due to Germany's inability to pay reparations. French and Belgian troops occupy industrial production.German workers went onto strike until troops withdrew. 160 Print firms are used to pay striking workers. Jan 100,000 mark notes produced. July 10 million mark notes are used. November 1 trillion mark notes used.
• Consequences of hyperinflation?

  By mid 1923 notes are worthless. The gap between middle and lower class disappears. All savings and debts are wiped.
• Impact of great depression. Unemployment from 1.9 million 1929 to 5.8 1932. Industry decreases 40% 1929 - 32, trade falling by 55%. 5 major banks close. 50,000 firms close.