when did germany face the situation of hyperinflation?
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The Weimar government's main crisis occurred in 1923 after the Germans missed a reparations payment late in 1922. This set off a chain of events that included occupation, hyperinflation and rebellions
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Hyperinflation in Germany
Explanation:
- Germany faced hyperinflation in 1919 to 1923.
- Weimar government's main crisis occured in 1923 after the Germans missed a reparations payment late in 1922.
- This started a chain of events that included occupation, hyperinflation and rebellions.
- On 15th november 1923 decisive steps were taken to end Hyperinflation.
- Reichsbank, German central bank stopped monetizing government debt, and a new means of exchange .
- The rentenmark was issued next to the papermark.
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