'Political radicalization was only heightened by the economic crisis of 1923.' Elaborate
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Explanation:
The economic crisis of 1923 heightened political radicalization in Germany during which the country had fought the war, mostly on loans which it had to pay through reparations in gold. This drastically resulted in the depletion of its gold reserves during a period when gold was scarce. In 1923, however, Germany refused to pay its loans to France, which resulted in Francensettling in Germany's industrial area, Ruhr, claiming their coal. As a result, Germany, in return, retaliated through passive resistance and went ahead to print its paper currency hastily, where through its large circulation, the value of the German mark fell. In April 1923, for instance, the US dollar was equivalent to 24,000 marks, while in July, it rose to 353,000 marks, and by December, it was 98,860,000. During this period, pictures of Germans carrying large amounts of money to buy bread circulated, attracting worldwide sympathy, a crisis commonly referred to as hyperinflation. It was through the Dawes plan where the US government came in handy and bailed Germany from the crisis.
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