Hyperinflation, 1923

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  • Created by: 24rachel
  • Created on: 10-03-16 21:45
why did Germany print more money in the first place?
to pay for ww1
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what was the second reason why Germany pint more money?
for post-war shortages
2 of 8
What did Germany ask for?
asked for longer to pay first installment of reparation
3 of 8
what did the French troops do?
took goods and raw materials for reparation payments
4 of 8
what happened once German workers went on strike?
Germany printed more money to pay the strikers
5 of 8
what happened in November 1923?
German mark became worthless
6 of 8
what were two positive effects of hyperinflation?
fixed rents became cheaper and some could pay off loans and mortgages
7 of 8
What were two negative effects of hyperinflation?
some couldn't even afford bread and some businesses went bankcrupt
8 of 8

Other cards in this set

Card 2

Front

what was the second reason why Germany pint more money?

Back

for post-war shortages

Card 3

Front

What did Germany ask for?

Back

Preview of the front of card 3

Card 4

Front

what did the French troops do?

Back

Preview of the front of card 4

Card 5

Front

what happened once German workers went on strike?

Back

Preview of the front of card 5
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