- Created by: emmacram
- Created on: 08-06-15 19:07
- 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.
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