Hyperinflation in the Weimar Republic
- Created by: Katie
- Created on: 01-12-12 16:16
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- Hyperinflation of the Weimar Republic.
- The Weimar republic was seriously weakened by hyperinflation.
- Widespread poverty and loads of people lost lots of money.
- Major food shortage: farmers did not want to sell their food for worthless money.
- Germany struggled to pay reparations to the Allies: France, Britain, Belgium and USA
- 1923: 60,000 French and Belgium troops marched into the Ruhr (an industrial part of Germany) and they controlled mines, factories and railways.
- The strikes of loads of workers receivec money of the government.
- Government was very short of money.
- Prints more money to pay strikers and off debts.
- The more money printed the less its worth.
- People lose confidence in the worthless mark.
- Prices rise to an incredible rate: In 1919 one US dollar is 9 marks.
- In 1923 one US dollar is worth 200 billion marks.
- By November 1923 the german mark is totally worthless.
- People lose confidence in the worthless mark.
- The more money printed the less its worth.
- Prints more money to pay strikers and off debts.
- The Weimar republic was seriously weakened by hyperinflation.
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