Describe the conditions prevailing in Germany, which lead to the situation of hyperinflation.
Himani2222:
is it about the poisonous gas one which hitler uses to kill Jews??
No the conditions of hyperinflation
okay....and thank you
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Hey!
As per my studies... what happened was Weimar Republic recklessly printed notes to pay reparations for the war....
But the german production didnt match the output of notes...
Thus the value of the german mark fell
"The mark-dollar exchange rate rose from 4.2 to one in 1914 to a peak of around 4.2 trillion marks to the dollar by November 1923"- The Economist
You're Welcome!
As per my studies... what happened was Weimar Republic recklessly printed notes to pay reparations for the war....
But the german production didnt match the output of notes...
Thus the value of the german mark fell
"The mark-dollar exchange rate rose from 4.2 to one in 1914 to a peak of around 4.2 trillion marks to the dollar by November 1923"- The Economist
You're Welcome!
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