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When did hyperinflation peak?
November 1923
What was the exchange rate in Nov 1923?
1 USD = 4.2 trillion marks
Bread price increase in 1923?
250 marks → 200 billion marks
What caused hyperinflation?
Reparations + money printing after Ruhr occupation (Jan 1923)
Who was most affected?
Middle class (lost savings)
What effect did it have politically?
Increased support for extremist parties
When did Nazis reorganise after this crisis?
1925