what do you mean by hyper inflain germany ? What were its causes ?
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Hyperinflation is the rapid increase of the price level. This means that each individual Reichsmarck rapidly become worth less and less. For instance stamps in Germany from 1923 after the hyperinflation cost 20 billion marks.
Hyperinflation was caused by Weiner republic in Germany then, or indirectly by the treaty of Versailles. They started printing money and the value of money decreases.
In 1921 a sum of € 6.6 billion was agreed by the league of nation, to be paid by Germany as war reparations to the allies. This acted as a punishment and a compensation in a way. If paid of the Germans would have finished paying allies in 1982.
------ HOPE IT WILL HELP YOU ------
Hyperinflation is the rapid increase of the price level. This means that each individual Reichsmarck rapidly become worth less and less. For instance stamps in Germany from 1923 after the hyperinflation cost 20 billion marks.
Hyperinflation was caused by Weiner republic in Germany then, or indirectly by the treaty of Versailles. They started printing money and the value of money decreases.
In 1921 a sum of € 6.6 billion was agreed by the league of nation, to be paid by Germany as war reparations to the allies. This acted as a punishment and a compensation in a way. If paid of the Germans would have finished paying allies in 1982.
------ HOPE IT WILL HELP YOU ------
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