By November 1923, $1 = 4.2 trillion Marks.
? Everything with German money is worthless and the German middle class is devastated
? German government was the Weimer Republic
? The people were already angry with their government over the Versailles Peace Treaty
? the collapse of the currency pushes people either far left or far right
? the Republic looks like it will collapse in fall of 1923
? Communist uprising in November 1923 fails
? Nazi party attempts a coup in fall of 1923 but fails
? Britain and France see that it is impossible for the Germans to pay back their debts so, in 1924 the Dawes Plan is created by Germany
? Reconstruct German economy and set up a schedule to repay the Allies
? Used loans from the US to pay back Allies (problem)
? US banks cease giving loans to Germany, making it so Germany cannot pay back the Allies and now the allies cannot pay back the US
? Wages and industry in the 1920s... displayed 300 characters
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By November 1923, $1 = 4.2 trillion Marks.
? Everything with German money is worthless and the German middle class is devastated
? German government was the Weimer Republic
? The people were already angry with their government over the Versailles Peace Treaty
? the collapse of the currency pushes people either far left or far right
? the Republic looks like it will collapse in fall of 1923
? Communist uprising in November 1923 fails
? Nazi party attempts a coup in fall of 1923 but fails
? Britain and France see that it is impossible for the Germans to pay back their debts so, in 1924 the Dawes Plan is created by Germany
? Reconstruct German economy and set up a schedule to repay the Allies
? Used loans from the US to pay back Allies (problem)
? US banks cease giving loans to Germany, making it so Germany cannot pay back the Allies and now the allies cannot pay back the US
? Wages and industry in the 1920s... displayed 300 characters
