hyperinflation Flashcards

1
Q

what was the hyperinflation

A

it was an inflation that very quickly eroded the value of money in germany , all prices increased and money became worthless

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2
Q

what ended the hyperinflation

A
  1. A new national bank called the Reichsbank renamed the new currency the Reichsmark and linked the new currency to Germany’s gold reserves
  2. This meant that the new currency was trusted by everyone and allowed Germany to recover.
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