Answer:
Inflation
Explanation:
During the early 1920’s the Weimar Republic (German government from 1918 to 1933) was affected by Hyperinflation*, particularly in 1923. This happened because Germany had many debts they could not afford: a) the Reichstag (German parliament until 1918) funded the costs of WWI by borrowing money, which they could not repay after the War, as Germany was defeated by the Allies and could not annex the rich territories they tried to occupy; b) after the Great War the debt was increased as the Allies imposed very large reparation sums to be paid by Germany (Treaty of Versailles and London Payment Plan).
With the London Payment Plan, Germany had to repay the money in gold or foreign currency in annual installments. When they started the repayments in gold marks, during the summer of 1921, the paper mark started to lose value because after the repayment they started to buy foreign currency at any rate, which started to depreciate the paper mark. This caused that by 1922 Germany was not able to buy foreign currency or gold in paper marks, so they had to start exchanging them for goods; and so, they were not able to make the repayments. Then, in 1923, to ensure Germany paid the reparations agreed France and Belgium occupied the Ruhr valley, which prompted workers to go on a strike. This meant that there was no income from production. So Germany had to print more paper marks to pay for salaries, which inundated the market with paper marks, devaluating the currency and creating a hyperinflation. By November 1923 a USD was equivalent to 4,210,500,000,000 marks.
<u>* Hyperinflation</u>: when inflation is very high and happens in a very short time. As the general price of goods and services increases, the real value of the currency highly decreases. The purchasing power of the currency decreases. This means that, for example, with one dollar you can buy less things than before inflation. Therefore, people cannot buy essentials as their prices become exorbitant.
Answer:
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On August 5, 1861, President Lincoln imposes the first federal income tax by signing the Revenue Act. Strapped for cash with which to pursue the Civil War, Lincoln and Congress agreed to impose a 3 percent tax on annual incomes over $800.
Answer:63 BCE - 14 CE) and Mark Antony's (l. 83 – 30 BCE) civil war, and once victorious at the Battle of Actium (31 BCE), Octavian returned home to become the first Roman emperor. The decade preceding their civil war was a decisive one
Explanation:
Answer:
The Vietnam War was the quintessential Cold War conflict between the United States and the Sino-Soviet supplied, nationalistic North Vietnamese. This war saw the world’s most wealthiest and dominant military force suffer a long, drawn out defeat to a poverty-stricken society of farmers, armed with nothing but an unyielding nationalism and outdated weaponry. This paper examines the United States’ involvement in Vietnam throughout the Vietnam War and also explores the ways in which the Vietnam War affected the Cold War. Beginning with President Harry S. Truman in 1945 and ending with President Gerald Ford in 1975, this paper examines the motivations behind each of the six United States Presidential Administrations during the Vietnam War and gives an in-depth explanation for the crucial decisions that were made by the United States Government over the course of the war. The effect that these foreign policy decisions and directives had on the Cold War atmosphere is also heavily analyzed. The faults and failures of the United States that led to their humiliating defeat in Vietnam consequently altered the Cold War atmosphere. In order to fully understand the Cold War, it is necessary to understand the Vietnam War and its impact on United States foreign policy.
