Hyperinflation Flashcards
Overall what caused hyperinflation
Germany was printing too much money
What was the 1st cause of hyperinflation?
Versailles > reparations and seized land
2nd cause of hyperinflation?
Invasion of the Ruhr
3rd cause of hyperinflation?
Expensive social welfare policies
What was the cause of the invasion of the Ruhr?
Germany did not pay its coal debt
How many soldiers did France and Belgium send into Germany?
60k then 100k
What placed were occupied in the invasion of the Ruhr?
Mines and factories
Who went on strike in the invasion of the Ruhr?
(Passive resistance) miners, post workers, train workers
How many rebels were expelled?
150k
How many rebels are shot?
132
After the invasion of the Ruhr how much did German production decline by?
80%
When we’re working hours limited to 8 hours a day?
1919
When were workers wives , daughters and the disabled given state health insurance?
1919
When did Injured veterans receive benefits?
1919
When were all children guaranteed access to education?
1922
Why were the social welfare policies difficult?
Had to tax to get money to fund changes, can’t do this so print more money > inflation
Who were winners of hyperinflation?
People with debt / mortgages, Hugo Stinnes (bought over 150 businesses at a low rate, and forests to supply his mines with logs)
Losers of hyperinflation?
Pensioners, children, mittelstand (middle class) (savings become worthless)
