Question

Class 9

who helped germany to come out from hyperinflation and how


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Answer 1

Answer:

On 15 November 1923 decisive steps were taken to end the nightmare of hyperinflation in the Weimar Republic: The Reichsbank, the German central bank, stopped monetizing government debt, and a new means of exchange, the Rentenmark, was issued next to the Papermark (in German:

Answer 2

Answer:

Farmers accepted the rentenmark in trade for their crop, and the crisis was resolved. A new reichsmark replaced the rentenmark a year later, at 1:1, putting Germany's return to a gold standard on a more long-term basis. ... Germany was not the only country to suffer from hyperinflation after the First World War.

Explanation:

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