Explain economic crises of 1923 in Germany. In five points only.
Class 9
History
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✌✌Hey, mate here is your answer⤵
Political radicalisation was only heightened by the economic crisis of 1923. Germany had fought the war largely on loans and had to pay war reparations in gold.
This depleted gold reserves at a time resources were scarce.
In 1923 Germany refused to pay, and the French occupied its leading industrial area, Ruhr, to claim their coal.
Germany retaliated with passive resistance and printed paper currency recklessly.
With too much printed money in circulation, the value of the German mark fell.
Hope this answer will help you..《《
#Be Brainly#
@1Angel25
Political radicalisation was only heightened by the economic crisis of 1923. Germany had fought the war largely on loans and had to pay war reparations in gold.
This depleted gold reserves at a time resources were scarce.
In 1923 Germany refused to pay, and the French occupied its leading industrial area, Ruhr, to claim their coal.
Germany retaliated with passive resistance and printed paper currency recklessly.
With too much printed money in circulation, the value of the German mark fell.
Hope this answer will help you..《《
#Be Brainly#
@1Angel25
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