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:
Though President Wilson firmly believed in an international body to conduct the matters of conflict between different nations by peace talks and his 'Fourteen Points' were influential in the foundation of the League of Nations, he could not rally the United States to be a member of League of Nations. Opposition came from the isolationist section who considers that Article Ten could draw the United States again into international war. Article ten required the members of the League to defend an attack on any of its member from any external threat.
It was primarily "the recognition of treaty rights" and "Native American self-government" that prompted the Native American Civil Rights Movement, since many Natives were not being respected at all by the US government.
Answer:
Based on the term of agreement, Alam granted to East india company diwani rights or the right to collect taxes on behalf of the Emperor from the Eastern province of Bengal-Bihar-Orrisa. these rights allowed the company to collect revenue directly from the people of Bengal,Bihar and Orrisa.
