Hyperinflation Flashcards
Who was hyperinflation good for?
Those with big bank loans
Property owners
Who was hyperinflation bad for?
Those with savings
Weimar Republic
Benefit people
Renters
Why was hyperinflation bad for renters?
Couldn’t afford the price of rent so became homeless
Why was hyperinflation good for those with big bank loans?
Easy to pay off as loans always stayed same value
Why was hyperinflation bad for those with savings?
Middle classes lost savings
People who had saved for valuables were now worthless overnight
Why was hyperinflation bad for the Weimar?
Germans blamed the government for economic crisis
Why was hyperinflation bad for benefit owners ?
Couldn’t keep up with the rise costs because they don’t work
Why was hyperinflation good for property owners ?
Didn’t need to pay monthly mortgage payments
What year did hyperinflation happen?
1️⃣9️⃣2️⃣3️⃣
What happened in hyperinflation?
Starvation
Unemployment
Death Rates
Riots
