Hyperinflation

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  • Created by: Lucy
  • Created on: 25-03-13 16:44
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  • Hyperinflation
    • Prices and wages rocketed
    • Money became pointless and worthless
    • Wages were paid daily instead of weekly/monthly
      • Prices and wages rocketed
    • The prices of good rose dramatically in very short times
    • Mostly affected rich people who had savings
      • Savings became worthless
    • Savings became worthless
    • Money that would previously have bought a house would now but a cup of coffee
    • Money was so worthless that people used it to build fires

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