Asked in World War 1Germany in WW2History of Germany
World War 1
Germany in WW2
History of Germany
What led to hyperinflation in Germany in 1923?
Asked in Germany in WW2
What happened because of hyperinflation in 1923?
Asked in Economics
Hyperinflation largely destroyed the economy of what country in 1923-24?
Asked in The Great Depression
What contributed to the global economic crisis during the Great Depression?
Asked in World War 1
How did world war i contribute to a German economic crisis?
Asked in History of Germany
What kind of currency did people in Germany in the 1900's use?
Germany used the Deutchmark until 1923, when Hyperinflation caused by the occupation of the Ruhr (an industrial region of Germany) by french and Flemmish troops made the currency worthless. A new temporary currency, the Rentenmarkwas introduce in october 1923, then a pemanent currency, the Reichmark was brought in in 1924.
What disaster did the depression cause for Germans?
Mass unemployment, which destabilized the political system. Contrary to a widespread myth, it wasn't hyperinflation. The period of hyperinflation in Germany was 1919-1923 and the currency was was stabilised in November 1923. In the early 1930s the key economic problems were high unemployment and falling prices. (These led people to postpone non-essential purchases in the expectation that prices would fall even further, and this in turn worsened unemployment). Anyone who finds this hard to believe need only look at German stamps of banknotes for 1923, for example on Ebay ... Though the hyperinflation of the early 1920s didn't bring the Nazis to power, it is often said that it severely weakened the support of the middle classes for the Weimar Republic.
Asked in World War 2, World War 1
What economic factors after World War 1 impacted the beginning World War 2?
What was the impact on Germany because of her refusal to pay war reparations in 1923?
the impacts were- *France occupied the coal reserves in order to compensate for the loans which Germany had taken. *People became more anxious and got angry in the Weimar Republic. *In order to compensate for the losses, Germany started printing more and more paper currency which led to hyperinflation. *The condition was like that the people had to take cartloads of currency for even buying a loaf of bread as the value of currency fell.
Asked in History, Politics & Society, Adolf Hitler
What crisis did Germany face during 1923?
Asked in Coins and Paper Money, World Banknotes
How much is a 100000 deutschmark note from 1923 worth?
1923 was the peak of hyperinflation in post-WWI Germany, so bills were reissued as purchasing power dropped. If your bill is dated February 1 (shown in German as 2.1.1923 or 1 Februar 1923) it would retail for about $4 in average condition. If it's dated July 25 (25.7.1923 or 25 Juli 1923) it would retail for $2 or so.
Asked in German Language and Culture
In 1923 why were German workers ordered to go on strike?
Asked in History of Germany, Adolf Hitler
What was the condition of Germany before Hitler became Chancellor?
Asked in Germany in WW2
What caused hyperinflation in Germany in 1923?
After the treaty of Versailles was signed in 1919, Germany were forced to pay reperations which were over 6.6 million. At this time no one had ever heard or imagined such amounts of money. In 1923 Germany were unable to pay the yearly payments, this lead to the government deciding to print more money to pay the high reperations. As a result of this money became worthless, wages were payed twice daily before the rates went up, people required wheelbarrows to carry their wages, in 1923 it would cost over a million Marks to buy a loaf of bread or even an egg. January 1923 250 marks July 1923 3465 marks September 1923 1,512,000 marks November 1923 201,000,000,000 marks These figures show the Rising cost of a loaf of bread in 1923 Hope this helps x