Hyperinflation

Question 1

Mow much were the reparations German had to pay after WW1?

Answer 1

£6.6 billion

Question 2

When did the Germans first say they could not pay the years reparations?

Answer 2

1922

Question 3

When did the french and Belgian soldiers invade the Ruhr?

Answer 3

January 1923

Question 4

How many soldiers invaded the Ruhr?

Answer 4

60,000

Question 5

What did the German government do in response to the invasion of the Ruhr?

Answer 5

Passive resistance -
They told the workers to go on strike

Question 6

What did the German government do to spay the striking workers?

Answer 6

Print more money which then resulted in shops increasing their prices

Question 7

What did the government do in response to German shops raising their prices?

Answer 7

Print more money

Question 8

Who was particularly affected by hyperinflation?

Answer 8

People with savings in the bank
People on fixed pensions
Small businesses

Question 9

Who benefited from hyperinflation?

Answer 9

People in debt

Question 10

How was hyperinflation resolved?

Answer 10

Stresemann created a new temporary currency called the ‘Rentenmark’ which could be exchanged for the old currency. In 1924 this was replaced by the Reichsmark which remained for the next 25 years.