what is hyper inflation? describe the factors led to economic crisis in germany ?
plz answer faster class 9 history question chapter nazims and the rise of hitler
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Explanation:
(1) In economics, hyperinflation is very high and typically accelerating inflation. It quickly erodes the real value of the local currency, as the prices of all goods increase.
(2) Events that led to economic crisis in Germany: Germany had battled the war to a great extent on loans and needed to pay “war reparations” in gold. ... In 1923, due to gold scarcity, “Germany” refused to pay, and the “French” captured Ruhr one of the most leading industrial areas of Germany flourished with coal.
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