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Revolutionary Upheavals and Economic Crisis. Day 2 – Chap. 26. Bolshevik Threat in Western Europe. Germany Hungary. Political Experiments. Proto-Fascism in Italy Irish Nationalism . Economic Crisis in G ermany. 1919 – France and GB demand immediate payment of war reparations
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Revolutionary Upheavals and Economic Crisis Day 2 – Chap. 26
Bolshevik Threat in Western Europe • Germany • Hungary
Political Experiments • Proto-Fascism in Italy • Irish Nationalism
Economic Crisis in Germany • 1919 – France and GB demand immediate payment of war reparations • 1921 – Germany can’t pay • GB offers moratorium but France and Belgium won’t budge • 1923-1925 – France occupies the Ruhr Valley • Germans outraged at unfair and abusive treatment of the victors • Increased nationalism growth on Nazi Party • Strips Germany of 80% of its coal and steel production • Hyperinflation • Middle Class and Small Businessmen suffer greatest losses • Lose faith in the Weimar Republic
Hyperinflation 1 lb. bread = 3 billion Marks, 1lb. meat = 36 billion Marks, 1 glass beer = 4 billion Marks
Economic Stabilization Plan What plan does this graphic illustrate? Was it successful?
Exit Ticket • Indentify the problems that stood in the way of stability in Germany between the years 1919-1925.