Hyperinflation Flashcards
1
Q
When did Germany pay the first instalment of reparations?
A
1921
2
Q
When was the second instalment of the reparations due?
A
1922
3
Q
What happens to Germany when they couldn’t afford the second instalment of reparations?
A
The Ruhr was invaded
4
Q
What were the workers of the Ruhr asked to do?
A
Go on passive resistance
5
Q
When did hyperinflation reach its peak?
A
1923
6
Q
Who benefited from hyperinflation? Why?
A
Speculators as they could repay debts and were not involved in chaos
7
Q
What was hyperinflation?
A
The rapid increase in prices as Germany kept printing money without goods
