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Germany's financial system broke down. There were food riots in the Ruhr [7] and a nationwide wave of strikes against the Cuno government, which resigned on 12 August 1923. [32] Germany's new government, led by Gustav Stresemann of the German People's Party announced the end of passive resistance on
In January 1923, French and Belgian troops occupied the Ruhr district of Germany in response to shortfalls in German war reparations payments. The Cuno government reacted with a policy of passive resistance, which, combined with acts of civil disobedience, brought Germany's Ruhr industrial heartland almost to a stop.
11 January – French and Belgian troops enter the Ruhr in the Occupation of the Ruhr because of Germany’s refusal to pay war reparations, causing strikes and a severe economic crisis. [1] 20 April – Julius Streicher's antisemitic newspaper Der Stürmer begins publication. [2] 13 August – The First Stresemann cabinet was sworn in.
During its brief three months in office, the Great Coalition ended the passive resistance against the Ruhr occupation, successfully stabilized the currency by replacing the worthless Papiermark with the Rentenmark and expelled the German Communist Party from the governments of Saxony and Thuringia by means of a Reichsexekution. [1]
His plans to handle the war reparations issue and stabilise the currency were derailed by the French and Belgian occupation of the Ruhr in January 1923. Cuno instituted a policy of passive resistance and provided financial assistance to the workers and firms affected by it. The payments, made possible primarily by printing money, began the ...
During his brief chancellorship, he abandoned the policy of passive resistance against the French-Belgian occupation of the Ruhr and introduced the Rentenmark in a (relatively successful) attempt to tame hyperinflation in the country. In November, Stresemann's reshuffled government collapsed after the Social Democrats withdrew from the coalition.
The financing of the resistance to the Ruhr occupation by the German government of Wilhelm Cuno is one of the reasons for the impending hyperinflation and the Cuno strikes. The Ruhr industrialist Fritz Thyssen assists the NSDAP with a massive financial sum. The last French troops leave Dortmund in October 1924
In 1923, Stahlhelm units were actively involved in the formally passive resistance struggle of paramilitary formations against the French occupation of the Ruhr area. These units were responsible for numerous acts of sabotage on French trains and military posts.