Why did German money became worthless?
Between World War I and World War II, Germany suffered "hyperinflation," whereby its currency essentially became worthless. The causes of this are numerous and complex, but most economics to ascribe the currency crisis to the financial strain of war reparations under the Versailles Treaty, which prevented the country from reinvesting in its industry and agriculture so that it could recover from the devastation of World War I.
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The currency in Germany is the Euro (â¬). It has been the Euro since 2002.
Nothing is exactly worthless!
Because they were stupid
Since New York was not as poor or higher class the Pennsylvaniathier money wasnt worth as much. Think of it as pesos are toAmerica you need a lot of pesos to equal a dollar in… America. Andalso since Their wasnt any real government nobody could controlthat
continentals became worthless because people came to believe that they would not be redeem their bills for gold and silver coins
The German government printed too much of it before World War 2.
It was more the economy of Germany that became worthless. After loosing the war, Germany was forced to pay reparations, under the Treaty of Versailles. The total money owed… was 269,000,000,000 in gold marks (German currency). That much in gold coins equaled about 233,405,018 lbs of pure gold. In trying to cover it's debts, Germany began printing money, which lead to severe hyperinflation of national prices. This hyperinflation caused instability in the economy and the German mark to be useless. Germany had also been accepting loan offers from various countries to help pay the reparations. In 1929, when the Stock Market Collapsed, many of these loans were called in, and Germany had to pay out substantial amounts of money.
Deutsche Marks are no longer legal tender. They may not be worthless, though. Collectors will be interested in them because they are no longer being produced.
Depending on context, worthless can be translated as wertlos unwert bedeutungslos aussichtslos nutzlos nichtsnutzig
Roman coins were made of silver, but when there was a need for more money and not enough silver, Rome reduced the amount of silver in its coins thus allowing them to make more… coins. Coins made of silver and gold must also contain an alloy that makes them more durable. Rome eventually reduced the amount of silver in its coins from 96% to 4%. Merchants demanded more of the lower silver coins causing inflation and the military refused to be paid in Roman coins. Eventually, the Roman government also refused to accept its own money for the payment of taxes. Bartering became more popular among the people.
Ich hasse mein wertloses StÃ¼ck des Schwagers
Up until the tenth century, the Germans were a loose knit group of tribes. Over time they began to form nations. Eventually the people who lived in these nations began to call… themselves Germans. The real unification of the Germans took place when Luther published the German Bible in 1534 but this was a unity through language rather than culture. The country of Germany was established in its present form when Otto von Bismarck led the move to unification in 1871. Short answer: They were tribes of people who shared the same culture.
In Roman Empire
Because they died and they were to flabby
Roman money finally became worthless because when Rome stopped conquering new lands, no new sources of wealth were available. Food was scarce. Making food prices go up. To pay… for the food, the government decided to produce more money in the form of coins. The value of depended on the amount of silver in them. But since the government didn't have much silver, in put less and less value in the coins. (This is called inflation.) If inflation isn't controlled, money has less and less value. Roman coins soon became worthless.
It's complicated, so let's simplify this a bit. During World War I, Germany chose to pay for their efforts bytaking out massive loans, rather than raise taxes like othercount…ries. They expected to win the war- and when they won the war,they planned to conquer valuable industrial lands and colonies fromthe losing countries, and to demand reparations from them as well. In reality, Germany lost the war. So not only did they wind uphaving to pay massive reparations (payment of which the victorswould only accept in the form of gold or other valuable goods,rather than money), but they still had these huge loans to repay.Additionally, one of Germany's largest industrial regions, theRuhr, was occupied for a few years by France, and then was occupiedagain (by France) when Germany's economy started to go bad in theearly 1920s. The new government's policies contributed to making the problemworse- they kept printing more money while buying foreign money topay off debts. This just made their own money worth less and less,until by 1923 it was worth so little that it was cheaper to burnmoney than wood.