History, asked by Lalramdinpuia3104, 11 months ago

What do you mean by huperinflation? Explain this in respect of Germany as example?

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Answered by trisha10433
0

Hey!


In Germany when prices of everything soared due to decreased value of Germany currency this situation was termed as hyperinflation


At this time people used to carry money in a full cart just to buy a loaf of bread , it happened when it stopped giving it's compensation in the form. Of gold as gold had depleted in Germany so after that Germany started printing Germany mark recklessly and then a time came when all the value of marks degraded and a situation called hyperinflation was created

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