Hyperinflation Flashcards

1
Q

Overall what caused hyperinflation

A

Germany was printing too much money

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2
Q

What was the 1st cause of hyperinflation?

A

Versailles > reparations and seized land

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3
Q

2nd cause of hyperinflation?

A

Invasion of the Ruhr

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4
Q

3rd cause of hyperinflation?

A

Expensive social welfare policies

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5
Q

What was the cause of the invasion of the Ruhr?

A

Germany did not pay its coal debt

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6
Q

How many soldiers did France and Belgium send into Germany?

A

60k then 100k

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7
Q

What placed were occupied in the invasion of the Ruhr?

A

Mines and factories

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8
Q

Who went on strike in the invasion of the Ruhr?

A

(Passive resistance) miners, post workers, train workers

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9
Q

How many rebels were expelled?

A

150k

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10
Q

How many rebels are shot?

A

132

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11
Q

After the invasion of the Ruhr how much did German production decline by?

A

80%

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12
Q

When we’re working hours limited to 8 hours a day?

A

1919

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13
Q

When were workers wives , daughters and the disabled given state health insurance?

A

1919

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14
Q

When did Injured veterans receive benefits?

A

1919

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15
Q

When were all children guaranteed access to education?

A

1922

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16
Q

Why were the social welfare policies difficult?

A

Had to tax to get money to fund changes, can’t do this so print more money > inflation

17
Q

Who were winners of hyperinflation?

A

People with debt / mortgages, Hugo Stinnes (bought over 150 businesses at a low rate, and forests to supply his mines with logs)

18
Q

Losers of hyperinflation?

A

Pensioners, children, mittelstand (middle class) (savings become worthless)