The Aftermath Of The First World War Flashcards
what acronym is used to remember the terms of the treaty of versailles?
L.A.M.B
what does L.A.M.B stand for?
Land lost 13%
- germany’s colonies abroad were to be given to the winners
- german soldiers couldn’t step foot in the rhineland
- large parts of german land were to be given to countries that had previously been ruled by others (e.g poland, czechoslovakia)
Army
- reduced to 100,000 soldiers
- reduced to six battleships
- no tanks, submarines or airforce
Money
- reparations were set to £6 billion, to be paid to the winners in instalments
Blame
- ‘the war was germany’s fault’
- war guilt clause
what year did hyperinflation begin?
1923
what event caused hyperinflation?
the invasion of the ruhr, germany’s industrial heartland
who invaded the ruhr?
france and belgium
what was weimar germany’s response to the invasion of the ruhr?
they asked all german workers to go on strike, therefore halting the creation of materials and stopping the invaders from being able to take anything
how did weimar germany’s response to the invasion of the ruhr cause hyperinflation?
- in order to pay for the striking workers the government simply printed more money
- printing more money led to it losing value / prices rising
- this as a whole led to hyperinflation
how much did a loaf of bread cost in 1923?
201 billion marks
who were the losers when it came to hyperinflation? (3)
people with savings in the bank
some people had saved all their life to get a thousand marks in the bank. by 1923, this wouldn’t even buy them a loaf of bread
elderly people who lived on fixed pensions
- found that their income would no longer buy them what they needed
small businesses
- normal trade became impossible because of the daily price changes
who were the winners when it came to hyperinflation?
people who had borrowed money
- found it very easy to pay off their debts; if a person had borrowed 10,000 marks, they could now pay it off with a single bank note
