Germans defend Ruhr Valley from French and Belgian invasion (Ruhrkampf), 1923
Following a loss in World War I, Germany was charged to pay reparations for their destructive role. The bill was $33 billion. Germany had been weakened by the war and paying the reparations at the rate in which they were due would have completely crippled the country. Germany therefore tried to gain more time to pay. The Germans set forth a proposal for U.S banks to loan funds for the reparations and for France to reevaluate the reparations.