Hyperinflation
- Created by: Nikolka035
- Created on: 16-03-16 18:50
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- Hyperinflation
- Thousands of Germans became destitute.
- Foreign good became so expensive so only few Germans could afford it.
- Paper money became worthless and batering became common.
- Many people couldn't afford to eat properly and hunger was common.
- Foreigners visiting Germany discovered that small amounts of their currency could be traded for millions of marks.
- There was a danger that law and order might break down.
- People who had borrowed large sums found that they could pay it back in a week.
- Wages rose at first but then they couldn't keep pace with the dramatic price rise.
- Hardest hit were those that saved for their old age. Suddenly their savings wouldn't buy a week's groceries.
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