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They were in lots of debt, so borrowed off the Americans. However, the American Stock Market then crashed and America asked for their loans back. Germany did not have the mony so started printing lots of money. however, this meant that their currency dropped rapidly until a loaf of bread was around 100,000 mark and money was so worthless, people burned it as it was cheaper than coal. Also, when a worker got payed, when the markets changed at lunch, half of his salary would become worthless.
What else can I help you with?
During the global depression war debts caused suffering in?
germany
How did war debts and reparations affect Germany and other European countries?
When Germany failed to pay their reparation payments in 1923, France occupied the Ruhr. This caused an international crisis and a new payment plan, called the Dawes Plan, was implemented in 1924.
Did Germany have to give money to the allies at the end of World War 1?
Yes, it was part of the Treaty of Versailles. They had to pay for all the debts of the war.
How did Germany lose Russia as an ally during World War I how did this affect the German war plans?
Russia was not an ally of Germany in World War 1.
Why did economist warn against the harshness of the treaty of the Versailles?
They feared that the world's economy would collapse if Germany could not repay its war debts.
War debts owed by Germany to the allies were called?
reparations
What were war debts owed by Germany to the allies called?
reparations
What were war debts called owed by Germany to allies?
reparations
During the global depression war debts caused suffering in?
germany
When will Germany pay off World War 2 debts?
Never
During the global depression war debts caused great suffering in?
Germany
Does Germany owe money after World War 2?
It has already paid its debts
How did war debts and reparations affect Germany and other European countries?
When Germany failed to pay their reparation payments in 1923, France occupied the Ruhr. This caused an international crisis and a new payment plan, called the Dawes Plan, was implemented in 1924.
How much did the US Owed in war debts?
The US didnt owe any Germany did about $25 billion
What punishment had Germany have in the league of nation?
Germany had to use all of it's country's money to pay off debts owed after world war 1
Did Germany have to give money to the allies at the end of World War 1?
Yes, it was part of the Treaty of Versailles. They had to pay for all the debts of the war.
How did Germany lose Russia as an ally during World War I how did this affect the German war plans?
Russia was not an ally of Germany in World War 1.
