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Occupation Of The Ruhr
The occupation of the Ruhr () was the period from 11 January 1923 to 25 August 1925 when French and Belgian troops occupied the Ruhr region of Weimar Republic Germany. The occupation of the heavily industrialized Ruhr district came in response to Germany's repeated defaults on the reparations payments required under the terms of the Treaty of Versailles. The French and Belgians intended to force Germany to supply the coal and other raw materials that were part of the reparations. With the active support of the German government, civilians in the area engaged in passive resistance and civil disobedience which largely shut down the economy of the region. Acts of sabotage and retaliation took place as well. An estimated 137 civilians were killed and 600 injured during the occupation. The ongoing economic crisis in Germany worsened considerably as a result of the occupation. The government paid for its support of idled workers and businesses primarily by printing paper money. ...
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Aftermath Of World War I
The aftermath of World War I saw far-reaching and wide-ranging cultural, economic, and social change across Europe, Asia, Africa, and in areas outside those that were directly involved. Four empires collapsed due to the war, old countries were abolished, new ones were formed, boundaries were redrawn, international organizations were established, and many new and old ideologies took a firm hold in people's minds. Additionally, culture in the nations involved was greatly changed. World War I also had the effect of bringing political transformation to most of the principal parties involved in the conflict, transforming them into Electoral democracy, electoral democracies by bringing near-universal suffrage for the first time in history, as in Weimar Republic, Germany (1919 German federal election), United Kingdom of Great Britain and Ireland (1918 United Kingdom general election), and the United States (1920 United States presidential election). Blockade of Germany Through the per ...
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Beer Hall Putsch
The Beer Hall Putsch, also known as the Munich Putsch,Dan Moorhouse, ed schoolshistory.org.uk, accessed 2008-05-31.Known in German as the or was a failed coup d'état by Nazi Party leader Adolf Hitler, Erich Ludendorff and other leaders in Munich, Bavaria, on , during the period of the Weimar Republic. Approximately two thousand Nazis marched on the , in the city centre, but were confronted by a police cordon, which resulted in the deaths of 15 Nazis, four police officers, and one bystander. Hitler escaped immediate arrest and was spirited off to safety in the countryside. After two days, he was arrested and charged with treason. The putsch brought Hitler to the attention of the German nation for the first time and generated front-page headlines in newspapers around the world. His arrest was followed by a 24-day trial, which was widely publicised and gave him a platform to express his nationalist sentiments. Hitler was found guilty of treason and sentenced to five years i ...
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Sally Marks
Sally J. Marks (January 18, 1931 – January 14, 2018) was an American historian and author specialising in the field of post-First World War diplomatic history. Biography Marks was born in New Haven, Connecticut. After graduation from Wellesley College, she worked for the US Department of Defense. Marks received a master's degree at the University of North Carolina at Chapel Hill, before doing a PhD in the United Kingdom at the London School of Economics. Marks lectured in history at Rhode Island College, receiving the Mary Tucker Thorp College Professorship in 1983. Her research during the 1970s focused on then-newly opened archives of diplomatic correspondence from the period during and immediately after the First World War. Her discoveries in these archives cast doubt on the then-popular viewpoint advocated by John Maynard Keynes that the Versailles treaty had been excessively punitive. In 1988 she took early retirement from teaching at the college to focus full-time on ...
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Joseph Wirth
Karl Joseph Wirth (; 6 September 1879 – 3 January 1956) was a German politician of the Centre Party (Germany), Catholic Centre Party who was Chancellor of Germany#First German Republic (Weimar Republic, 1919–1933), chancellor of Germany from May 1921 to November 1922, during the early years of the Weimar Republic. He was also minister of four government departments between 1920 and 1931 (Foreign Affairs, Finance, Interior, and Occupied Territories). Wirth was strongly influenced by Christian social teaching throughout his political career. He was named chancellor in May 1921 when Germany was facing difficult negotiations with the Allies of World War I over World War I reparations, German war reparations. Wirth accepted the Allies' conditions and began a policy of fulfilment – an attempt to show that Germany was unable to afford the reparations payments by making the effort to meet them. He resigned after less than six months in protest against the Upper Silesia#Interbell ...
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Düsseldorf
Düsseldorf is the capital city of North Rhine-Westphalia, the most populous state of Germany. It is the second-largest city in the state after Cologne and the List of cities in Germany with more than 100,000 inhabitants, seventh-largest city in Germany, with a 2022 population of 629,047. The Düssel, from which the city and the borough of Düsseltal take their name, divides into four separate branches within the city, each with its own mouth into the Rhine (Lower Rhine). Most of Düsseldorf lies on the right bank of the Rhine, and the city has grown together with Neuss, Ratingen, Meerbusch, Erkrath and Monheim am Rhein. Düsseldorf is the central city of the metropolitan region Rhine-Ruhr, the List of EU metropolitan regions by GDP#2021 ranking of top four German metropolitan regions, second biggest metropolitan region by GDP in the European Union, that stretches from Bonn via Cologne and Düsseldorf to the Ruhr (from Duisburg via Essen to Dortmund). The ''-dorf'' suffix mea ...
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Duisburg
Duisburg (; , ) is a city in the Ruhr metropolitan area of the western States of Germany, German state of North Rhine-Westphalia. Lying on the confluence of the Rhine (Lower Rhine) and the Ruhr (river), Ruhr rivers in the center of the Rhine-Ruhr metropolitan region, Rhine-Ruhr Region, Duisburg is the 5th largest city in North Rhine-Westphalia and the List of cities in Germany by population, 15th-largest city in Germany. In the Middle Ages, it was a city-state and a member of the Hanseatic League, and later became a major centre of the iron, steel, and chemicals industries. For this reason, it was heavily bombed in World War II. Today it boasts the world's largest inland port, with 21 docks and 40 kilometres of wharf. Status Duisburg is a city in Germany's Rhineland, the fifth-largest city (after Cologne, Düsseldorf, Dortmund and Essen) in the nation's most populous federal state of North Rhine-Westphalia. Its 500,000 inhabitants make it Germany's List of cities in Germany by p ...
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French Franc
The franc (; , ; currency sign, sign: F or Fr), also commonly distinguished as the (FF), was a currency of France. Between 1360 and 1641, it was the name of coins worth 1 livre tournois and it remained in common parlance as a term for this amount of money. It was reintroduced (in French livre, decimal form) in 1795. After two centuries of inflation, it was Redenomination, redenominated in 1960, with each (NF) being worth 100 old francs. The NF designation was continued for a few years before the currency returned to being simply the franc. Many French residents, though, continued to quote prices of especially expensive items in terms of the old franc (equivalent to the new centime), up to and even after the introduction of the euro (for coins and banknotes) in 2002. The French franc was a commonly held international reserve currency of reference in the 19th and 20th centuries. Between 1998 and 2002, the conversion of francs to euros was carried out at a rate of 6.55957 franc ...
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Depreciation
In accountancy, depreciation refers to two aspects of the same concept: first, an actual reduction in the fair value of an asset, such as the decrease in value of factory equipment each year as it is used and wears, and second, the allocation in accounting statements of the original cost of the assets to periods in which the assets are used (depreciation with the matching principle). Depreciation is thus the decrease in the value of assets and the method used to reallocate, or "write down" the cost of a tangible asset (such as equipment) over its useful life span. Businesses depreciate long-term assets for both accounting and tax purposes. The decrease in value of the asset affects the balance sheet of a business or entity, and the method of depreciating the asset, accounting-wise, affects the net income, and thus the income statement that they report. Generally, the cost is allocated as depreciation expense among the periods in which the asset is expected to be used. Account ...
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Inter-Allied Reparations Commission
The Reparation Commission, also Inter-Allied Reparation Commission (sometimes "Reparations Commission"), was established by the Treaty of Versailles to determine the level of World War I reparations which Weimar Republic, Germany should pay the victorious Allies of World War I, Allies. It promptly approved a plan for the apportionment of Austria-Hungary, Austrian-Hungarian debt to the successor states that had been proposed by Ludwig von Mises, and its remit was broadened to reparations by other central powers, namely Austria (by the Treaty of Saint-Germain-en-Laye (1919), Treaty of Saint-Germain-en-Laye), Bulgaria (treaty of Neuilly-sur-Seine), and Hungary (Treaty of Trianon). The Commission relied on a General Secretariat and on General Services, both headquartered in Paris. It was restructured and downsized in late 1924 as a consequence of the Dawes Plan, and eventually disbanded in 1930 following the adoption of the Young Plan and the establishment of the Bank for Internatio ...
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United States Dollar
The United States dollar (Currency symbol, symbol: Dollar sign, $; ISO 4217, currency code: USD) is the official currency of the United States and International use of the U.S. dollar, several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish dollar, Spanish silver dollar, divided it into 100 cent (currency), cents, and authorized the Mint (facility), minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color. The U.S. dollar was originally defined under a bimetallism, bimetallic standard of (0.7734375 troy ounces) fine silver or, from Coinage Act of 1834, 1834, fine gold, or $20.67 per troy ounce. The Gold Standard Act of 1900 linked the dollar solely to gold. From 1934, its equivalence to gold was revised to $35 per troy ounce. In 1971 all links to gold were repealed. The U.S. dollar became an important intern ...
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German Mark (1871)
The German mark ( ; currency sign, sign: ℳ︁) was the currency of the German Empire, which spanned from 1871 to 1918. The mark was paired with the minor unit of the pfennig (₰); 100 pfennigs were equivalent to 1 mark. The mark was on the gold standard from 1871 to 1914, but like most nations during World War I, the German Empire removed the gold backing in August 1914, and gold coins ceased to circulate. After the fall of the Empire due to the German Revolution of 1918–1919, November Revolution of 1918, the mark was succeeded by the Weimar Republic's mark, derisively referred to as the German Papiermark, Papiermark () due to hyperinflation in the Weimar Republic from 1918 to 1923. History The introduction of the German mark in 1873 was the culmination of decades-long efforts to unify the various currencies used by the German Confederation. The Zollverein unified in 1838 the Prussian and South German currencies at a fixed rate of 1 Prussian thaler = South German gu ...
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Article 231 Of The Treaty Of Versailles
Article 231, often known as the war guilt clause (), was the opening article of the reparations section of the Treaty of Versailles, which ended the First World War between the German Empire and the Allied and Associated Powers. The article did not use the word ''guilt'' but it served as a legal basis under which Germany was to pay reparations for damages caused during the war. Article 231 was one of the most controversial points of the treaty. It specified: Many German commentators viewed this clause as a national humiliation, forcing Germany to accept full responsibility for causing the war. German politicians were vocal in their opposition to the article in an attempt to generate international sympathy, while German historians worked to undermine the article with the objective of subverting the entire treaty. The Allied leaders were surprised at the German reaction; they saw the article only as a necessary legal basis to extract compensation from Germany. The article, wit ...
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