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The occupation was met by a campaign of both passive resistance and civil disobedience from the German inhabitants of the Ruhr. Chancellor Cuno immediately encouraged the passive resistance, [22] and on January 13, the Reichstag voted 283 to 12 to approve it as a formal policy. [23]
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 ...
The Cuno strikes were a nationwide wave of strikes in Germany against the government of Chancellor Wilhelm Cuno in August 1923. The strikes were called by the Communist Party of Germany in response to Cuno's policy of passive resistance against the French and Belgian occupation of the Ruhr and the hyperinflation that resulted from it.
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]
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.
"The entire Ruhr region, and Gelsenkirchen in particular, shows how constant change is needed to sustain economic growth," he told Reuters during a tour of his factory.
5 Clever Ways to Speed Up Your Retirement Savings 3 Things You Must Do When Your Savings Reach $50,000 This article originally appeared on GOBankingRates.com : 4 Best Ways To Buy a Car If You Live ...
Dawes, who was the U.S. vice president at the time, received the Nobel Peace Prize of 1925 for "his crucial role in bringing about the Dawes Plan", specifically for the way it reduced the state of tension between France and Germany resulting from Germany's missed reparations payments and France's occupation of the Ruhr.
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