Assess the economic and political impact of the Treaty of Versailles on the Weimar Republic between 1919 and 1924.

The effects of the Treaty of Versailles were extensive, and both political and economic in nature. Economic effects included the loss of 13% of Germany's territory, as well as 75% of its iron ore and 15% of its arable land. Reparations of £6.6bn were also a burden, making it difficult for Germany to recover from the war in the early years of the Republic and precipitating the Ruhr invasion of January 1923 and hyperinflation the same year. Meanwhile, the treaty damaged the new Weimar government politically, as it was blamed for accepting its harsh terms. The treaty led directly to the Kapp Putsch of 1920 and, indirectly, to the Munich Putsch of 1923, and fuelled right-wing hatred for democratic parties and democracy itself.