Weimar and Nazi Germany (Hyperinflation) Flashcards
What was the consequence of the invasion of the Ruhr?
Germany experiencing Hyperinflation
What happened to Germany?
Prices began to rise rapidly as a result to the government printing money
What happened as more bank notes were introduced?
the prices of goods began to rise
What ended up happening to the bank notes?
They could not be printed fast enough to keep up with those prices
What happened to the peoples money?
Many peoples live savings became worthless.
What did the workers find out?
They found out that there wages could not keep up with the rising food prices.
many people became..
Extremely poor
What happened by January 1923?
The prices of a loaf of bread had already reached 250 marks.
What happened to the old people?
They were living on fixed pensions
What was the effect on ordinary workers?
They found it hard to buy food to feed their families
What was the effect on the richest people in society?
They were protected.
What was the effect on the lower class?
There wasn’t an effect since they had very little money in the first place
What was the effect on farmers?
They were protected since they could grow and eat their own foods and even slaughter their own animals for food
