Hyperinflation - history

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7 Terms

1
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what did the gov’t do that started hyperinflation

gov’t printed more money so the value decreased and prices began to rise

2
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what is hyperinflation

prices rising very quickly

3
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how much was 1$ in marks

1$ = 9 marks

4
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in 1923 how much was 1$ in marks

200b

5
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how much did an egg cost?

80m

6
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short term impact

  • low wages

  • food shortages

  • death from starvation

  • pensioners income wasn’t enough for coffee

  • savings of people have decreased

  • upper class invest so they were fine

  • debt

  • big profit for business

7
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long term impact

  • weimar republic weaker

  • poverty

  • crime increase

  • money only on food

  • hard workers lost efforts

  • people against gov’t

  • no one would forget