

A businessman-turned-chancellor who presided over Germany's descent into hyperinflation and the French occupation of the Ruhr.
Wilhelm Cuno's path to power was unconventional, rising not through party politics but from the boardrooms of the Hamburg-America shipping line. Appointed Chancellor in 1922, he was seen as a competent manager who could navigate Germany's postwar economic chaos. His government, however, became defined by two intertwined catastrophes: the passive resistance to the French and Belgian occupation of the industrial Ruhr region, and the total collapse of the German mark. As workers were paid with wheelbarrows of worthless currency, Cuno's cabinet fell, its technocratic approach utterly overwhelmed by the forces of nationalism and economic ruin. His brief, disastrous tenure is a stark chapter on the fragility of Weimar democracy.
1860–1882
Born during or after the Civil War, they built industrial America — the railroads, the steel mills, the first skyscrapers. An era of massive wealth, massive inequality, and the belief that the future belonged to whoever could build it fastest.
Wilhelm was born in 1876, placing them squarely in The Gilded Age. The events that shaped this generation — world wars, depression, and rapid industrialization — shaped the world they entered and the choices available to them.
The biggest hits of 1876
The world at every milestone
Eiffel Tower opens in Paris
San Francisco earthquake devastates the city
The Battle of the Somme claims over a million casualties
Robert Goddard launches the first liquid-fueled rocket
FDR's New Deal launches; Prohibition ends
He never joined a political party, serving as an independent chancellor.
Before politics, his career was entirely in business, including a directorship at the Deutsche Bank.
The French occupation of the Ruhr began just weeks after he took office.
He was a skilled amateur pianist.
“The government must protect the currency; inflation is a poison for the people.”