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