What are the economic crisis of 1923? Mention it's effect on Germany
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The economic crisis of 1923 are :-
1. Germany had fought through War largely on loans by USA .
2.They had to pay the War reparation in gold .
3.In 1923, Germany refuse to pay, and the French occupied it's leading industrial area, Ruhr, to claim their coal.
4.Germany printed paper currency recklessly so that the value of German mark fell.
5.This led to hyperinflation, a situation when prices rise high.
hope it help you.....
1. Germany had fought through War largely on loans by USA .
2.They had to pay the War reparation in gold .
3.In 1923, Germany refuse to pay, and the French occupied it's leading industrial area, Ruhr, to claim their coal.
4.Germany printed paper currency recklessly so that the value of German mark fell.
5.This led to hyperinflation, a situation when prices rise high.
hope it help you.....
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