The Ruhr Crisis of 1923

Summary
1921

• Reparation Commission announce Germany to pay £6.6 billion.

1922

• Germany makes two payments and then DEFAULTS in November.

1923

• January  - French and Belgians occupy the Industrial heartland of Germany - The Ruhr
• German Chancellor (Cuno) orders workers to strike (Passive Resistance).
• April - French and Belgians bring in their own workers.
• German Government pay striking works - inflation becomes hyper-inflation
• August - Cuno resigns, replaced by Stresemann who calls off passive resistance + resumes reparation payments.
• November - Hitler attempts his 'Beerhall Putsch'.

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