Hyperinflation Flashcards
Why did it happen
World War I meant the government began to print more banknotes. The situation worsened due to the French occupation in the Ruhr
In WW1 how many marks was there to a dollar
I’m 1914, 4 marks to a dollar
In the Weimar government how many marks was there to a dollar
In January 1922, there were 493 marks to a dollar
How many marks to a dollar was there after passive resistance
In November 1923, there was 4.2 billion marks to the dollar
How did some Germans benefit from hyperinflation
People with mortgages were able to pay them off.
Foreigners could exchange dollars for millions of marks and could afford things that ordinary Germans could not.
People who rented property with long-term rent gained as the real value of their payments fell
What were the effects on the middle class
Many lost faith in the Weimar government and we are convinced that it was unable to deal with serious economic problems
What was the effect on businessmen
Mary who had borrowed money from the banks were able to wipe out their debt
What was the effect on fixed incomes
Those with pensions found that they became worthless
What was the effect on farmers
They benefited from the rise in prices of food at the time when the farming industry was not doing well
