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| Topic: |
History
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| Number of pages / Number of words: |
5 / 1179 |
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During their rule French and Belgian troops occupied the German territory of the Ruhr to secure coal production. In response the Germans mounted a campaign of passive resistance which caused a decline in industrial productivity and damage the German economy. The loss of the Ruhr increased national dept and This caused further dept and the government solution was to print more bank notes, which quickly lost their value causing hyper inflation...
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The loss of the Ruhr increased national dept and This caused further dept and the government solution was to print more bank notes, which quickly lost their value causing hyper inflation. Those who relied on savings and salaries lost everything. Unemployed rose from 2% to 23%. By late 1923 the German dollar was worth 25billion marks...
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