Weimar Germany - Effects of hyperinflation
- Created by: Naomi
- Created on: 15-04-13 14:53
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- Effects of Hyperinflation
- Businesses
- Impossible to set prices for businesses as you don't know how much they will increase
- Deciding to set wages in difficult
- Physically difficult to hand over wages
- Profits dissapeared, banks wouldn't help
- Shopkeepers
- Didn't know what prices to charge
- Impossible to give change, too difficult to count it out
- Cannot know if you are making a profit or not
- Dealing with customers is impossible
- Workers
- Money has to be spent as soon as it is earnt
- Working gives you something worthless
- Savers and pensioners
- Savings have no value as prices are going up so much
- By 1923 a pension was not enough to buy a cup of coffee
- Banks went out of business
- Savings have no value as prices are going up so much
- Farmer
- Had stuff everybody wanted
- Could sell food for huge profits
- Businesses
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