Inflation in Germany (After WW1) - General Information

What happened to Germany’s economy in 1920?

In 1920, Germany’s economy declined because of the ToV.

Give 6 examples of consumable goods:

Bread, wheat, petrol, diesel, milk and oil.

What happened with consumable goods?

The prices of consumable goods increased rapidly.

What is inflation?

Inflation is the general increase in prices and a fall in the purchasing value of money.

What is hyperinflation?

Hyperinflation is the general price level increasing rapidly, typically at rates exceeding 50% each month over time.

What was the cause of the inflation?

The German bank started printing more money to pay the reparations.