1923 Germany refused to pay

French occupied Ruhr.

In April US dollar was = 24,000 marks in july =353,000 marks , august=4,621,00 marks december=98,860,000.

Germen were dependant on short term loans largely from USA.

This was withdrawn when Wall Street Exchange crashed in 1929

not received well by the public

Had accept the defeat at the end of World War 1

Peace treaty of Versailles was signed

From a continent of creditors it turned in debtors

Those who supported Weimar republic were called November Criminals

Aggressive war propaganda and national honour occupied centre stage in public sphere