Hyperinflation, 1923 Flashcards
What was the action ordered by the German government regarding workers in the Ruhr?
The German government ordered its workers in the Ruhr to go on strike and not help the French and Belgian soldiers remove goods from the country
What is the term used to describe the strike by German workers in the Ruhr?
Passive resistance
How did the German government support workers on strike?
The German government continued paying the workers on strike
What economic action did the German government take to pay striking workers and debts?
The German government printed large amounts of money
What was one consequence of the German government printing large amounts of money?
Prices in shops began to rise as workers spent money
What happened when shopkeepers raised their prices due to increased spending?
The German government printed even more money to help workers buy products
What term describes the rapid increase in prices that occurred in Germany due to excessive money printing?
Hyperinflation
