Hyperinflation in Weimar Germany Flashcards

What is hyperinflation?

A very fast rise in prices so money loses value quickly.

In which year did hyperinflation peak in Weimar Germany?

1923.

What event in 1923 helped trigger hyperinflation?

France and Belgium occupied the Ruhr, and German workers went on strike.

Why did the German government print more money in 1923?

To pay striking workers and its bills when income fell.

How does printing more money make prices rise?

More money chases the same goods, so each mark buys less.

What happened to people's savings in the banks?

Savings became almost worthless.

How did hyperinflation affect workers' pay and shopping?

Wages rose often but not as fast as prices, so people spent pay at once.

Which groups gained from hyperinflation?

People with debts, some big businesses, and some farmers.

What new currency was introduced to stop hyperinflation?

The Rentenmark, brought in by Stresemann's government in late 1923.

What was one political effect of hyperinflation?

Many lost faith in Weimar and more people backed extremist parties.

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