Wednesday, January 11, 2023

The Explorers' Club, № CMXXVI

Operation AXIOM: Between the Wars—Hyperinflation, Part III
11 January 1923: French & Belgian troops occupied Germany's Ruhr Valley, frustrated by repeated German defaults on reparations payments of timber & coal, required under the Versailles Treaty; the Germans responded with passive resistance—labor strikes & civil disobediance—eliciting sympathy from global public opinion; hyperinflation accelerated & nationalist discontent increased in Germany.
Lest we forget.

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