Winners and Losers in the Hyperinflation of 1923


	Winners and Losers in the Hyperinflation of 1923
	Advantages Justify not paying full extent of reparations Industrialists who paid off large debts Mortgages and other loans could be paid back for less real worth Exporters due to low cost of German goods abroad Exporters due to being paid in foreign currency Relatively high domestic production due to international trade	Disadvantages Wage increases did not match inflation Loss of savings Government could not provide enough welfare aid for vulnerable Unemployment rose Occupation of the ruhr Loss of confidence from oublic Loss of confidence from foreign countries Loss of foreign investment and trade Halving of industrial production People on fixed income could not renegotiate salaries easily Overall a decline in German production Bookbinder : "politically and psychologically the inflation attacked the very fabric of the Weimar state dependent on public support and co-operation"
	Evaluation Bookbinder : "its negative effects far outweighed the positive"

Wage increases did not match inflation
Loss of savings
Government could not provide enough welfare aid for vulnerable
Unemployment rose
Occupation of the ruhr
Loss of confidence from oublic
Loss of confidence from foreign countries
Loss of foreign investment and trade
Halving of industrial production
People on fixed income could not renegotiate salaries easily
Overall a decline in German production
Bookbinder : "politically and psychologically the inflation attacked the very fabric of the Weimar state dependent on public support and co-operation"

Bookbinder : "its negative effects far outweighed the positive"

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