Hyperinflation Crisis of 1923

Question 1

When prices go up.

Answer 1

Inflation

Question 2

When the government spends more money than it gets from taxes.

Answer 2

Deficit Financing

Question 3

The heavily industrialsied area of West Germany that generated 85% of German coal and had many factories.

Answer 3

The Ruhr

Question 4

When people lose faith in currency and prices spiral upwards.

Answer 4

Hyperinflation

Question 5

‘Middle rank’; small farmers, small shopkeepers, artisans and people without steady sources of income.

Answer 5

Mittelstand

Question 6

Someone who owns a large factory/factories.

Answer 6

Industrialist

Question 7

US president’s plans for the Treaty which were more lenient.

Answer 7

Wilson’s 14 Points

Question 8

Germany funded WW1 through borrowing and printing.

Answer 8

1914-1918

Question 9

New Weimar Government inherit debt of 1.44 billion marks but increase spending.

Answer 9

1919

Question 10

Allies set total reparations bill at £6.6 billion.

Answer 10

1921

Question 11

Germany requests a loan of 500m gold marks and 3 years without reparations.

Answer 11

November 1922

Question 12

Germany fail to keep up their reparations payments to the Allies.

Answer 12

December 1922

Question 13

French and Belgian soldiers seize the Ruhr land.

Answer 13

January 1923

Question 14

Hyperinflation reaches its peak. A kilo of Rye bread costs 233 billion marks.

Answer 14

November 1923

Question 15

The working day is limited to a maximum of 8 hours.

Answer 15

1919

Question 16

State health insurance is extended to include wives, daughters and the disabled.

Answer 16

1919

Question 17

The government gives aid to veterans who are unable to work because of injury.

Answer 17

1919

Question 18

National Youth Welfare Act - all children have the right to an education and protection.

Answer 18

1922

Question 19

Included the people who had the means and the guile to speculate and manipulate the situation to their advantage. Includes black-marketeers, those who had debts, mortgages, and loans, enterprising business people.

Answer 19

Winners of the hyperinflation crisis

Question 20

Those relying on savings, investments, fixed income or welfare support lost out. These included pensioners, landlords, unskilled workers, small business owners, the sick, and children suffering from malnutrition.

Answer 20

Losers of the hyperinflation crisis