what do you understand by hyperinflation? why did germany suffer from hyperinflation in 1923?
(5marks)
Answers
Answered by
11
Summary. Hyperinflation probably happened because the Weimar government printed banknotes to pay reparations and - after the 1923 French invasion - the Ruhr strikers. Because these banknotes were not matched by Germany's production, their value fell.
Answered by
5
monetary inflation occurring at a very high rate is called hyperinflation.
Germany found itself unable to make reparations payments. ... Inflation was exacerbated when workers in the Ruhr went on a general strike and the German government printed more money to continue paying for their passive resistance. By November 1923, the US dollar was worth 4,210,500,000,000 German marks.
Germany found itself unable to make reparations payments. ... Inflation was exacerbated when workers in the Ruhr went on a general strike and the German government printed more money to continue paying for their passive resistance. By November 1923, the US dollar was worth 4,210,500,000,000 German marks.
naina74:
welcome
Similar questions