What is hyperinflation in history
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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. This causes people to minimize their holdings in that currency as they usually switch to more stable foreign currencies, often the US Dollar........
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With too much printed money in circulation the value of German Mark fell. In April the US dollar was equal to 24000 marks and by December the figure had run into trillions. As the value of the mark collapsed the prices of goods soared.This crisis came to be know as hyperinflation a situation where prices rise phenomnaly high.
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