Hyperinflation 0.0 / 5 ? HistoryCrime and punishment through time (OCR History A)GCSEOCR Created by: emmacramCreated on: 08-06-15 19:07 Hyperinflation The occupation of the Ruhr led to hyperinflation. This happened because production of goods couldn't keep up with the amount of money there is so the money kept losing its value. By Autumn 1923, inflation was so bad that prices were rising dramatically each day. Ordinary items ended up costing millions of marks and government couldn't print new money quick enough. People needed to take a large suitcase or a wheelbarrow to carry enough money to pay for normal shopping trips. The middle classes lost out as bank savings became worthless. The German Mark became worthless, people used paper money as fuel because it was cheaper than coal. The government were able to reduce national debt from more than 150,000 million marks to less than one. 1 of 1
Comments
No comments have yet been made