What happened during hyperinflation?

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6 Terms

1
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How much had the value of the mark decreased from Jan 1919 to Jan 1922?

  • 1919 - 8.9 marks to a dollar.

  • 1922 - 493.2 to a dollar.

2
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How many marks were there to a US dollar in October 1923?

4.2 trillion.

3
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How did employees collect wages due to hyperinflation?

In shopping baskets or wheelbarrows, and immediately rushed to shops to buy supplies before the plunge in value of money put them out of reach.

4
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Who did hyperinflation ruin?

Pensioners, civil servants and middle class on fixed incomes or reliant on savings.

Caused even less support for the Republic.

5
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What flourished due to hyperinflation?

Black market and gambling, people turned to bartering. Some did well off it, particularly those able to pay off loans.

6
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What happened due to large numbers of being in poverty?

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