The Great Inflation

The vast Inflation The Great Inflation In late-1922 the German government were forced to withdraw the Allies for a moratorium on reparations payments; this was refused, and she then defaulted on shipments of both(prenominal) coal and timber to France. By January of the following year, French and Belgian troops had entered and occupied the Ruhr. The German people, perhaps for the first measure since 1914, united behind their government, and passive resistance to the occupying troops was frameed. A government-funded study began as thousands of workers marched descry of their factories and steel works.

The German economy, already under massive pressure, gave way. The satisfied cost of funding the strike in the Ruhr and the costs of imports to go basic consumer needs were met by the familiar expedient of the stamp presses. Note circulation increased rapidly, and by November 1923 had reached almost 92 zillion marks. With less than three per centime of government ex...If you want to run a full essay, order it on our website: Ordercustompaper.com

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