Impact of Hyperinflation Flashcards
1
Q
Prices rose dramatically
A
Prices of food rose dramatically. Prices could change by the hour, making it difficult for people to feed their families
2
Q
Money worthless
A
Money lost its value, so savings soon became worthless
3
Q
Pensions
A
Pensions became worthless as they were fixed wages and did not rise with inflation
4
Q
Couldn’t afford fuel
A
People couldn’t afford fuel and suffered from the cold, so they burned bank notes to keep warm
5
Q
Loss of jobs
A
People lost their jobs as companies could no longer afford to pay them
6
Q
Sold sentimental items
A
People sold items of value and sentimental value to purchase necessities, which caused unhappiness
