Friday, May 8, 2020

International Crisis of 1920's

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1The international crisis of the 10s occurred following the announcement by


the Allied reparations commission. The Allied reparation commission decided


that Germany must pay a sum of billion dollars to Britain and France. In


11 Germany made its first payment of .5 billion dollars under the young


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German republic. But in 1 stated that Germany could not pay the


reparations anymore. Germany was influenced by problems of inflation and


hostility causing political assassinations. This was the beginning of the


crisis which was started by Frances choice to not accept Germanys


announcement. While Britain accepted the troubled times of Germany, Frances


leader Raymond Poicare invaded the Ruhr district, which was the center of


industrial Germany, with their ally Belgium. This was the only way that


France thought their reparations would be paid once again. Germany reacted to


Frances reaction by stopping the industrial work taking place in the Ruhr


district. The steel and coal mines refused to work but only pasively resisted


the French occupation. This then caused more inflation in Germany, but was


not solving any problems for either country. Germany began to print their own


money to help the inflating economy, but did not last long.


While the workers were about 10 percent of the population the class that


suffered the most consequences was the middle class. Many of the middle class


population used the idea of savings, caution, and self-reliance. The middle


class was economically wiped out, and were blaming all those surrounding them


including the Jews, government, and fellow classes of Germany.


Finally, in August of 1 things started to turn for the better. A man named


Gustav Stresemann became leader of the German government. Stresemann ended


the haulted work in the factories, and agreed to start paying the reparations


after re-negotiations. Germany and France both agreed on the conditions with


the help of the United States and Britain. In order to get the reparations


rolling again a committee of financial experts re-examined the reparation


project. The amount Germany payed annually was lowered, and was given private


loans from the U.S. to make the payments. The reparations created a cycling


circle of money from the U.S. to Germany to France and Britain, and finally


making its way back to the U.S. This circle of payments helped bring the


economy up in Germany, but only worked for a minimal time. Another situation


that was resolved was the political boundries of Germany and France. This was


the end of the most serious international crisis of the 10s, and the


beginning of a more stable relationship between the world powers.


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