Identify the country which bailed Germany out of the economic crisis of 1923.
A. France
B. Union of Soviet Socialist Republics
C. United Kingdom
D. United States of America
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france is the answer
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United States of America bailed Germany out of the economic crisis of 1923.
- At the time when resources were limited, Germany had pursued the war largely on loans and had to pay war reparations in cash and dwindling gold reserves.
- Germany declined to typically pay in 1923 and, to allegedly demand their coal, the French invaded its leading industrial area.
- Submissively, they retaliated, and carelessly produced paper currency. With considerable money in circulation, the mark's value had naturally dropped and as the value plummeted, commodity prices soared.
- Ultimately, America wanted to bail Germany and adopted the political Dawes scheme, which was reworked to alleviate their financial burden.
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