10 who was to blame for hyperinflation

Social Group

Winner or Loser

Explanation

Peasants

Winner

Debt is liquidated and they owned land rather than money, which retained more value

Mittelstand (lower middle class)

Loser

Lost life savings, pensions and fixed incomes

Industrial Workers

Loser

Prices were increasing rapidly and wages were not going up at the same rate

Civil Servants (Public Sector)

Loser

They had fixed incomes so they had essentially no money and they lost all their savings

Business People

Both

They lost their savings and trade became chaos but they could also pay off any debts