describe the situation of hyperinflation created in Germany after first world war.
Write your correct answer I mark as BRAINList
Answers
Answered by
9
Answer:
Hyperinflation is a situation when prices rise phenomenally high. This situation occurred in Germany in 1923 due to several reasons:
(i) Germany had fought the First World War largely on loans and had to pay the war compensation in gold. . With too much printed money in circulation, the value of the German Mark fell.
(ii) Hyperinflation affected the German Papiermark, the currency of the Weimar Republic, between 1921 and 1923, primarily in 1923. It caused considerable internal political instability in the country, the occupation of the Ruhr by France and Belgium as well as misery for the general populace.
I hope you got your answer.
◉‿◉
Similar questions