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Question
Which of the following industries is famous in the Ruhr industrial region of Europe?
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Solution
The correct option is B Steel and Engineering
Steel and Engineering,In 1923 German government was unable to pay the reparations required under the terms of the Treaty of Versailles. The French and Belgian governments responded by sending in troops to the Ruhr, the main centre of Germany's coal, iron and steel production.
The German people were outraged and Fritz Thyssen and other industrialists who had investments in the Ruhr, organized a passive resistance campaign. The French responded by bringing in their own workers to operate the mines and began arresting leaders of the resistance movement.
The occupation of the Ruhr led to a collapse of the German economy. There was massive inflation and large increase in unemployment. Germany was now unable to pay any reparations.
Charles G. Dawes, an American banker, was asked by the Allied Reparations Committee to investigate the problem. His report, published in April, 1924, proposed a plan for instituting annual payments of reparations on a fixed scale. He also recommended the reorganization of the German State Bank and increased foreign loans.
Gustav Stresemann, the German chancellor called off the passive resistance and began paying reparations again. The French and Belgian troops withdrew from the Ruhr in 1925.
Steel and Engineering,
In 1923 German government was unable to pay the reparations required under the terms of the Treaty of Versailles. The French and Belgian governments responded by sending in troops to the Ruhr, the main centre of Germany's coal, iron and steel production.
The German people were outraged and Fritz Thyssen and other industrialists who had investments in the Ruhr, organized a passive resistance campaign. The French responded by bringing in their own workers to operate the mines and began arresting leaders of the resistance movement.
The occupation of the Ruhr led to a collapse of the German economy. There was massive inflation and large increase in unemployment. Germany was now unable to pay any reparations.
Charles G. Dawes, an American banker, was asked by the Allied Reparations Committee to investigate the problem. His report, published in April, 1924, proposed a plan for instituting annual payments of reparations on a fixed scale. He also recommended the reorganization of the German State Bank and increased foreign loans.
Gustav Stresemann, the German chancellor called off the passive resistance and began paying reparations again. The French and Belgian troops withdrew from the Ruhr in 1925.
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