Prime Minister David Lloyd George, of the United Kingdom, delivers the “London Ultimatum” to Walther Rathenau, Minister of Reconstruction for Germany, Germany has six-days to begin making annual payments of 2,000,000,000 gold marks in war reparations—for the next 66 years—or see its industrial Ruhr Valley militarily occupied.  Germany has it lost its overseas colonies, all their resources, and the population had to pay the cost of war, amounting to three times the value of all property in the country.  At the same time, German mark speculation caused it to plummet; causing hyperinflation that by 1923 was catastrophic.

       [restored 6/20/2022]