History, asked by iamhassan321, 1 month ago

when did germany face the situation of hyperinflation?​

Answers

Answered by tt534816
1

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

Answered by mad210218
1

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.

Similar questions