Why did Germany suffer from "Hyperinflation"in 1923?who bailed her out From this situation?
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when Germany had its treasure empty due to giving the war compensation the German currency was printed very much and the value of German MARK fell. This led to Hyperinflation. USA dragged Germany out of this situation.
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Hyperinflation happened in Germany in 1923 when the Weimar government printed banknotes to pay reparations.
Explanation:
- Germany was previously experiencing inflation due to the war and the increasing government debt because of the Treaty of Versailles.
- To pay the reparations and people working in industries, the German government printed more money.
- This printing of more money led to hyperinflation as the more money printed, prices rose.
- The United States dragged German out of hyperinflation.
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Why did germany suffer from hyperinflation in 1923? who nailed her out of this situation?
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