Hyperinflation
- Created by: Jo-Robertson
- Created on: 22-12-17 11:00
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- Hyperinflation
- Printing money
- No goods to trade so printed money
- Paid of debts
- Paid of war loans of over £2.2 minion
- Chain reaction
- Prices & wages
- Rocketed as not enough goods to use the money to buy
- Money was worthless
- People paid daily not weekly
- Prices of goods changed really quickly
- Prices & wages
- Impact on the People
- Poor people suffered
- Rich people suffered more due to their savings
- Blame
- Reparations
- Untitled
- Middle Class found savings would have brought a house in 1921
- 1923 would not have brought a loaf of bread
- Pensioners
- Pension would not even buy a cup of coffee
- Printing money
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