Hyperinflation in Germany means that 563
marks are now needed to buy a single American
dollar – almost double the 263 needed eight months before and dwarfing the mere 12 needed in April 1919 and even the 47 needed in December of that year.
October 3 – Rebecca L. Felton becomes the first female US senator, when Georgia's governor gives her a temporary appointment, pending an election to replace Senator Thomas Watson, who had died suddenly.
October 15 –
T. S. Eliot establishes The Criterion magazine, containing the first publication of his poem The Waste Land. This first appears in the United States later this month in The Dial (dated November 1) and is first published complete with notes in book form by Boni and Liveright in New York in December.
November 15 – In the
United Kingdom general election forced by the Conservatives' withdrawal from the coalition government, the Conservative Party wins an overall majority. (The
1922 Committee, popularly believed to take its name from this occasion, is not founded until the following year.)
December – The year ends with hyperinflation showing no sign of slowing down in Germany, with 7,000 marks now needed to buy a single American dollar.
Wracked by rapid inflation and political assassinations and motivated by hostility and arrogance as well, the
Weimar Republic announces its inability to pay more and proposes a moratorium on reparations for 3 years.
Kurd Istigdul Djemijetin, the Kurdish Independence Committee, is founded.