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      1923, the Ruhr and hyperinflation

      Lesson details

      Learning outcome

      I can describe the effects of the 1923 hyperinflation crisis in Germany.

      Key learning points

      1. When Germany failed to pay reparations in November 1922, France and Belgium sent troops into the Ruhr Valley.
      2. German workers were ordered to stop work to prevent the soldiers from taking industrial goods as payment.
      3. Already suffering from inflation, the German economy was harmed by this loss of productivity.
      4. The Weimar Government printed money to support striking workers, flooding the economy and triggering hyperinflation.
      5. Hyperinflation wiped out middle-class savings, forcing many to barter for survival while others profited from the chaos.

      Keywords

      • Goods - things for sale, or the things that you own

      • Passive resistance - the act of showing in a peaceful way that you oppose something, rather than using violence

      • Inflation - a general, continuous increase in prices

      • Hyperinflation - where the price of everything in a national economy goes out of control and increases very quickly

      Common misconception

      Hyperinflation affected everyone equally.

      Some people, like businessmen who hoarded essentials to sell at inflated prices, profited during the crisis. Meanwhile, many middle-class Germans saw their savings wiped out and were forced to barter for survival.

      Teacher tip

      Historical hot seat: one pupil acts as a German citizen (middle-class, worker, etc.) during hyperinflation. Others ask questions about how their life is affected, exploring multiple viewpoints.

      Licence

      This content is © Oak National Academy Limited (2026), licensed on Open Government Licence version 3.0
      except where otherwise stated. See Oak's terms & conditions
      (Collection 2).

      Lesson video

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      Prior knowledge starter quiz

      6 Questions

      Q1.
      The Spartacist Uprising of 1919 was led by Rosa Luxemburg and Karl Liebknecht, who were inspired by the 1917 __________ Revolution in Russia.

      Correct Answer: Communist, Bolshevik, October, February

      Q2.
      What was one role of the Freikorps in early Weimar Germany?

      Correct answer: defending the Republic from left-wing revolutionaries
      protecting workers’ councils
      supporting the Treaty of Versailles

      Q3.
      In which year was the Kapp Putsch?

      Correct Answer: 1920, nineteen twenty

      Q4.
      Why did the army refuse to intervene during the Kapp Putsch?

      They had been disbanded due to the Treaty of Versailles
      Correct answer: They sympathised with the Freikorps and their aims
      They were overwhelmed by Freikorps forces

      Q5.
      Match the following events with their outcomes:

      Correct Answer:Spartacist Uprising,crushed by the Freikorps

      crushed by the Freikorps

      Correct Answer:Kapp Putsch,failed due to a workers’ strike

      failed due to a workers’ strike

      Correct Answer:Munich Putsch,Hitler failed to overthrow the government

      Hitler failed to overthrow the government

      Q6.
      What evidence suggests that the Weimar Republic remained vulnerable during its early years?

      Correct answer: assassinations
      Correct answer: coups like Hitler’s Munich Putsch
      Correct answer: paramilitary clashes
      widespread economic prosperity

      6 Questions

      Q1.
      French and Belgian troops occupied the Ruhr in January 1923 to collect __________ by seizing coal and goods.

      Correct Answer: reparations

      Q2.
      The economic crisis in Germany in 1923, marked by rapidly rising prices and the devaluation of currency, is known as ...

      Correct Answer: hyperinflation

      Q3.
      What does the term 'passive resistance' refer to in the context of the Ruhr occupation?

      A violent uprising against French and Belgian troops
      Cooperation with foreign authorities to stabilise the economy
      Correct answer: Nonviolent opposition, such as strikes and sabotage
      Rebuilding Germany’s economy through rapid industrialisation

      Q4.
      Starting with the earliest, place the following events in the correct chronological order.

      1 - The Treaty of Versailles is signed
      2 - French and Belgian troops occupy the Ruhr
      3 - German workers begin passive resistance in the Ruhr
      4 - Hyperinflation devastates the German economy

      Q5.
      What controversial financial side effect of hyperinflation has sparked debate among historians?

      Correct answer: It allowed the Weimar Government to erase its debts using worthless marks.
      It eliminated the need for reparation payments to the Allies.
      It led to economic stability for the middle class and businessmen.

      Q6.
      While hyperinflation affected many groups in Germany, it was especially devastating for the __________ class.

      Correct Answer: middle, professional

      To help you plan your 11 history lesson on: 1923, the Ruhr and hyperinflation, download all teaching resources for free and adapt to suit your pupils' needs...