factors that led to hyperinflation in 1923
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- Created on: 10-03-19 16:19
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- factors that led to the hyperinflation of 1923
- social welfare
- government provided loans for those leaving the army until they could find work.
- variety of social welfare programmes for different groups
- provided by federal government and lander
- help for veterans lump sum payments/ pensions
- all these payments had to be made by a government federal/ regional government level
- help for veterans lump sum payments/ pensions
- provided by federal government and lander
- variety of social welfare programmes for different groups
- government provided loans for those leaving the army until they could find work.
- debt and reparations
- during ww1 the government had borrowed heavily, resulted in a national debt of 150 billion marks.
- policy of reparations further added to the debt as a result of the treaty of versailles
- government unable to make these payments
- carried on borrowing money/ printing more money
- contributed to hyperinflation made currency worthless
- carried on borrowing money/ printing more money
- government unable to make these payments
- policy of reparations further added to the debt as a result of the treaty of versailles
- during ww1 the government had borrowed heavily, resulted in a national debt of 150 billion marks.
- The French occupation of the Ruhr
- french and belguim forces marched into the ruhr in order to take war reparations by force.
- ruhr rich industrial area of germany
- workers urgued by weimar government to use passive resistance - sabotage
- government printed even more money to pay the striking workers
- only ended after negotations with the french
- government printed even more money to pay the striking workers
- workers urgued by weimar government to use passive resistance - sabotage
- ruhr rich industrial area of germany
- french and belguim forces marched into the ruhr in order to take war reparations by force.
- Hyperinflation
- crisis in the ruhr led to hyperinflation
- prices spiralled out of control
- some businesses used 'emergency money'
- led to a black market
- some businesses used 'emergency money'
- prices spiralled out of control
- crisis in the ruhr led to hyperinflation
- social welfare
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