Hyperinflation in Germany 1923

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Weimar - crisis of 1923

The 1923 crisis began when Germany missed a reparations payment. This situation spiralled out of control and once again the German people were unhappy and in financial difficulty, so uprisings occurred throughout the country.

Summary

In 1923 the Weimar Republic nearly collapsed. Put the events in the correct order to see how the situation escalated out of control.

Hyperinflation

The sudden flood of paper money into the economy, on top of the general strike - which meant that no goods were manufactured, so there was more money, chasing fewer goods - combined with a weak economy ruined by the war, all resulted in hyperinflation.

Prices ran out of control - eg a loaf of bread, which cost 250 marks

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