What do you mean by hyper inflation in Germany ? What were it causes.
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Answered by
87
In 1923, in Germany the prices of goods soared incredibly high. This was known as hyperinflation.
Reasons :
In 1923, Germany refused to pay war reparations and the French occupied their leading industrial region, Ruhr. Germany retaliated with passive resistance and printed paper currency recklessly. With two much currency in circulation, the prices of goods soared. This led to hyperinflation.
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Reasons :
In 1923, Germany refused to pay war reparations and the French occupied their leading industrial region, Ruhr. Germany retaliated with passive resistance and printed paper currency recklessly. With two much currency in circulation, the prices of goods soared. This led to hyperinflation.
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Answered by
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Answer:
it is a situation when prices rise phenomenally high.for instance,Germans paid cartloads of currency notes to buy a loaf of bread.
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