state any three events that led to economic crisis in germany in 1923
Answers
Hello friend , here is the answer
German economic crisis events
In 1923 the political radicalization was heightened by the economic crisis.
The war fought by Germany was by taking large loans, due to this the war reparation had to be paid in gold
In 1923 itself the Germans refused to pay but the France took over the Ruhr region of Germany which was the leading industrial area.
The coal occupied by Germans during the war was asked by France now.
Germans retaliated with passive resistance and printed paper currency recklessly.
With too much money in circulation the value if German currency ( mark ) fell.
In April one us dollar was equal to 24000 marks , in July it was equal to 35300 marks, in august it was 4621000 marks and in December it was 98860000 marks and further it was in trillions.
Huge amount was needed to buy just a loaf of bread.
Hyperinflation, situation where prices of goods roses suddenly happened in 1923 at germany
These were the events which led to the economic crisis in Germany
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