Hyperinflation Crisis of 1923

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  • Hyperinflation crisis of 1923
    • Germany had to pay reparations
      • Germany couldn't afford the reparations so they had to print more money
        • This cause the money to decrease in value until money was worth very little
          • Wages became too low to live on
          • More money was printed to pay the workers
          • Children played with money
          • It was cheaper to burn money than pay for fuel
          • Many people became beggars as their money was worthless
    • Invasion of the Ruhr
      • In January, French and Belgium troops invaded the Ruhr (an important industrial region of Germany) and occupied it
        • They had control of  Germany's most important industrial region
        • This was totally legal and made Germany poorer
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