Europe, 08 Nov 1923: Beer Hall Putsch
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Jan 1923France and Belgium
occupy Ruhr in response
to German failure to
pay war reparations

Jul 1923International recognition
of Turkish republic

Aug–Sep 1923Italy occupies Corfu
in dispute with Greece

Nov 1923Hyperinflation means
4 trillion German paper
marks are now worth
less than 1 U.S. dollar