hyperinflation Flashcards
(6 cards)
1
Q
How much did a loaf of bread cost by November 1923
A
201 billion marks
2
Q
When was hyperinflation at its height (its worst)?
A
November 1923
3
Q
What could happen to the price of a loaf of bread whilst you were in the queue?
A
It could double during the time you moved from the back of the queue to the front of the queue
4
Q
What happened to many people’s wages?
A
They were paid daily rather than monthly
5
Q
who was particularly hurt by hyperinflation?
A
The middle classes - their savings were now worthless
2. Pensioners - their pensions were now worthless
6
Q
Who did hyperinflation benefit?
A
Big industrialists who could pay off their debts
The German government, who could pay off their war debts
People who had taken out loans - which were now easily repayable
