why germany didnot pay the reparations in gold in 1923,how did the french react
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Reparations were the payments which required Germany to pay to repair all the damage of the war.
The first problem was to work out how much. The figure was changed many times during 1919–1921. Eventually, in April 1921, the League of Nations agreed a sum of £6.6 billion.
Reparations ruined Germany’s economy, but when Germany failed to make its January 1923 payment, French troops invaded the Ruhr. This led to hyperinflation, and the Munich Putsch.
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The first problem was to work out how much. The figure was changed many times during 1919–1921. Eventually, in April 1921, the League of Nations agreed a sum of £6.6 billion.
Reparations ruined Germany’s economy, but when Germany failed to make its January 1923 payment, French troops invaded the Ruhr. This led to hyperinflation, and the Munich Putsch.
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mark as brainlest answer
thanks:-);-)
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Answer:
Hyperinflation is a situation when prices rise phenomenally high. This situation occurred in Germany in 1932 due to the following reasons : 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.
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