Summary 2 - Effects of hyperinflation

Question 1

Give three examples of people who benefitted from the hyperinflation crisis?

Answer 1

• Black marketeers
• People with debts, they were able to pay off their loans/ mortgages with inflated, worthless money.
• Entrepreneurs - many took out loans to start a business and then easily paid it off with worthless money later.
• Owners of foreign exchange (which kept its value.)

Question 2

Give three examples of people who were negatively impacted by hyperinflation?

Answer 2

• Pensioners, many pensioners were living on a fixed income therefore they were able to afford less.
• Workers - real wages decreased as a result of hyperinflation.
• The middle class - their savings became worthless.

Question 2

By the end of 1923, what percentage of the workforce in the Ruhr were employed?

Answer 2

Just 30%

Question 2

Which group of people struggled most to forgive the Weimar Republic for hyperinflation?

Answer 2

The middle class