Q. 124.0( 11 Votes )
Explain the impac
Impacts of refusal to pay war compensation in 1923 on Germany were
(i) France occupied its leading industrial area, Ruhr, which was rich in coal.
(ii) Germany retaliated with passive resistance and printed paper currency recklessly. With too much printed money in circulation, the value of the German mark fell drastically, causing the prices of goods to soar.
(iii) Eventually, the Americans helped Germany to recover from the crisis
by reworking the terms of reparation
to ease the financial burden on Germans.
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