In 1923, Gustav Stresemann was appointed chancellor of the Weimar republic and from 1924 to 1929 Stresemann was foreign minister of Germany. After WW1, Germany’s economy was devastated due the tremendous amount of reparations Germany was required to pay to France and Great Britain established by the Treaty of Versailles. Due to the immense amount of reparations established by the allies, germany was unable to pay said reparations and led to president Ebert to print more money. The year of 1923 was known as a “year of crisis”, this occurred during Stresemann first year as chancellor of Germany. The “year of crisis” resulted because of Germany defaulting the payments for the reparations of WW1, as a result france invaded Ruhr. Due to Ebert printing
