- The Beer Hall Putsch In April of 1921, the victorious European Allies of World War One, notably France and England, presented a bill to Germany demanding payment for damages caused in the war which Germany had started. This bill (33 billion dollars) for war reparations had the immediate effect of causing ruinous inflation in Germany. The German currency, the mark, slipped drastically in value.www.historyplace.com/worldwar2/timeline/putsch2.htm