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the failure of germany to make reparations payments increased the impact of the great depression in europe?

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Repayments put additional strain on the monetary system, and the Wiemar Republic produced money as the value of the currency fell.

Germany accelerated its money printing in order to generate the funds necessary to pay its obligations, but this led to such extreme inflation that the German stamp proved to be essentially useless. German marks were converted to dollars using a lower standard than 32. Unchecked inflation soon caused a tremor throughout Germany. By November 1923, 42 billion impressions were worth around one penny in the United States. Germany's economy further collapsed when manufacturing sites were blanketed after France and Belgium involved the modern Ruhr region to compel German repayment in 1923 due to the Allies' refusal to relax compensation demands.

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