Jennifer’s Reviews > Weimar Germany: The Death of a Democracy > Status Update
Jennifer
is on page 209 of 480
most of the financial press saw no connection between printing money and its depreciation…The financial paper Berliner Börsen declared authoritatively on 12 Novem-ber: 'It has long been realized that the printing of notes is the result and not the cause of depreciation... A point has now been reached where the lack of money has a worse effect than the deprivation itself.'
— Oct 21, 2026 06:25PM
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Jennifer’s Previous Updates
Jennifer
is on page 233 of 480
The Stinnes-Legien Agreement between industry and the unions was a bedrock of workers employers relations in the years immediately after the war - until business a few years later began to regard it as unaffordable.
— 14 hours, 53 min ago
Jennifer
is on page 232 of 480
By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens.
John Maynard Keynes, The Economic Consequences of the Peace
(1919)
— 14 hours, 58 min ago
John Maynard Keynes, The Economic Consequences of the Peace
(1919)
Jennifer
is on page 231 of 480
During the first six months of passive resistance, the Reich government was spending around a trillion marks a month funding unemployed workers and otherwise bankrupt businesses. In July 1923 the figure went up to around 11.8 trillion marks on wages in the Ruhr and 3.7 trillion more on guarantees to industrial companies.
— 15 hours, 0 min ago
Jennifer
is on page 231 of 480
Nearly 700,000 government and regional state employees were laid off between 1923 and 1924
- a huge shock to the Mittelstand, who thought they had jobs for life. Around 100,000 white-collar jobs in banking disappeared. Tax revenues fell alarmingly. Six months into the occupation, taxes amounted to just 1 per cent of total government spending.
— 15 hours, 4 min ago
- a huge shock to the Mittelstand, who thought they had jobs for life. Around 100,000 white-collar jobs in banking disappeared. Tax revenues fell alarmingly. Six months into the occupation, taxes amounted to just 1 per cent of total government spending.
Jennifer
is on page 230 of 480
Economists at the Reichsbank and at the Bank of England later calculated that at least half the inflation in 1923 was caused by maintaining passive resistance for seven months. The policy as outlined by Chancellor Cuno was that nobody in the Ruhr should perform any work that would help the French.
— 15 hours, 6 min ago
Jennifer
is on page 225 of 480
There was one voice from the Far Right that came out against unity. Adolf Hitler, who by then was the confirmed leader of the National Socialist German Workers' Party (NSDAP), mocked the idea of a
'unified national front' in response to the occupation.
— 15 hours, 40 min ago
'unified national front' in response to the occupation.
Jennifer
is on page 223 of 480
The day after Christmas 1922, the Reparations Commission registered insufficient deliveries of German timber and telegraph poles…Two weeks later, on 9 January, the Commission censured the Germans for non-delivery of the agreed amounts of coal…Two days later the French and Belgians sent in their troops…
— Oct 21, 2026 09:57PM
Jennifer
is on page 220 of 480
Making money and being a success in business are not necessarily skills that always transfer elsewhere, particularly in a political crisis.
— Oct 21, 2026 09:41PM
Jennifer
is on page 219 of 480
It was reparations that brought down the government of the well-meaning Joseph Wirth as Chancellor, two months before the French invasion of the Ruhr.
— Oct 21, 2026 07:34PM
Jennifer
is on page 219 of 480
On the day the French army marched into the Ruhr, the mark was valued at 48,000 to the British pound. By the end of January, in just twenty days, it had fallen to 227,000.
— Oct 21, 2026 07:25PM