Summary 2 - Effects of hyperinflation Flashcards

1
Q

Give three examples of people who benefitted from the hyperinflation crisis?

A
  • Black marketeers
  • People with debts, they were able to pay off their loans/ mortgages with inflated, worthless money.
  • Entrepreneurs - many took out loans to start a business and then easily paid it off with worthless money later.
  • Owners of foreign exchange (which kept its value.)
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2
Q

Give three examples of people who were negatively impacted by hyperinflation?

A
  • Pensioners, many pensioners were living on a fixed income therefore they were able to afford less.
  • Workers - real wages decreased as a result of hyperinflation.
  • The middle class - their savings became worthless.
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2
Q

By the end of 1923, what percentage of the workforce in the Ruhr were employed?

A

Just 30%

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2
Q

Which group of people struggled most to forgive the Weimar Republic for hyperinflation?

A

The middle class

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