# Hyperinflation and the Ruhr Occupation (1923)

URL: https://germany-history.com/timeline/1923-hyperinflation-and-the-ruhr-occupation
Location: Germany
Categories: main-event

In January 1923 French and Belgian troops occupied the Ruhr over unpaid reparations. The government financed passive resistance by printing money. By November one US dollar cost 4.2 trillion marks.

## Why it matters
It destroyed middle-class savings and trust in the republic.

Ruler at the time: [Friedrich Ebert](https://germany-history.com/rulers/friedrich-ebert)

## Sources
- [Wikipedia – Hyperinflation in the Weimar Republic](https://en.wikipedia.org/wiki/Hyperinflation_in_the_Weimar_Republic)
- [Wikipedia – Occupation of the Ruhr](https://en.wikipedia.org/wiki/Occupation_of_the_Ruhr)
- [Encyclopaedia Britannica – Occupation of the Ruhr](https://www.britannica.com/topic/Ruhr-occupation)