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In 1923, Germany was not able to sufficiently pay the war reparations that were required by the Treaty of Versailles, and in turn French and Belgian troops occupied the German Ruhr territory, which was one of Germany’s major industrial areas.
The German government tried passive resistance and encouraged the local workers to go on strike, by giving them financial aid in the form of money it didn’t really possess - so they started printing it.
This, combined with an already weak economy due to the Ruhr occupation itself and the after-effects of the war, started a hyperinflation which culminated in an exchange rate of 4.2 trillion(!) Reichsmark for every US Dollar by November of 1923.
Workers tried to spend their pay instantly, because it would have been worthless only a few hours later, and a single loaf of bread was worth 105 billion RM.
With the money not worth the price of the paper it was printed on, the job market and banking sector collapsed, further fuelling the crisis, until the decision to end the passive resistance in the Ruhr territory was made by Chancellor Gustav Stresemann, which paved the way for the Dawes Plan and a subsequent stabilization of the German economy in 1924.
This crisis was so traumatic, that until this day, almost a hundred years later, many Germans have a strong aversion against spending money they don’t really own, or which only exists in some accounting books, like buying something on credit or investing heavily in the stock market.