Hyperinflation in the Weimar Republic

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  • 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.


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