History of Wars Summary 10 - Interwar Period 2: The Roaring Twenties and Germany's Recovery

In the early 1920s, Europe strove to recover from the scars of war and economic turmoil. Germany faced severe economic hardship due to immense reparation burdens, and the crisis deepened in 1923 when France and Belgium occupied the Ruhr region over reparation issues. Hyperinflation, causing a drastic drop in currency value, occurred in Germany, inflicting significant damage on the middle class and laborers. Subsequently, with financial support from the US, the Dawes Plan was implemented, stabilizing the German economy and gradually improving relations among European nations. The Locarno Treaties in 1925 signaled an effort to guarantee Western European borders, and Germany joined the League of Nations in 1926. By the mid-1920s, international cooperation had strengthened compared to the immediate post-war period, seemingly establishing peace, yet the underlying conflicts were far from resolved.