What led to hyperinflation in Germany in 1923?

The hyperinflation in 1923 plunged Germany into even deeper financial turmoil as the DM (deutschmark) became even more worthless so the money that the people had was vastly reduced in value. I think that in 1923, Germany refused to pay the reparations but I don't know what happened after that...

Germany. The currency was the Reichsmark

Postwar reparations led to hyperinflation and economic collapse in Germany.

Hyperinflation. The value of ten Goldmarks in 1920 was equal to that of one trillion (one thousand billion) goldmarks in 1923.

Germany printed more paper money to pay wartime reparations, which led to hyperinflation.

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.

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.

No they were not it led to years of hyperinflation which eventually led to the rise of Adolf Hitler

The Treaty of Versailles demanded that Germany repay reparations for WW 1; hyperinflation led to Hitler's rise

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.

Two crises, really: first the occupation of Germany's Ruhr area by the French, which severely damaged Germany's economy; then the hyperinflation struck, making money and - because of that - savings and pensions totally worthless. A loaf of bread cost 100 Billion Marks in 1923.

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.

Because of French occupation and hyperinflation, the people of Germany lost their savings and their money had very little value. The workers went on strike, demanding the resignation of the entire government body. It worked.

hyperinflation french invasion of ruhr blah blah

Great Depression, hyperinflation, 35% unemployment

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

how can we deal with hyperinflation

The immediate trigger was the occupation of the Ruhr in January 1923 by the French and Belgians. Most of the background problems arose from Germany's failure to finance World War 1 properly and from reparations.

These bills were issued during the infamous hyperinflation suffered by Weimar Germany. The October 1923 20 thousand million mark note is one of the more valuable ones. As of 02/2012 a circulated note retails for about €10, while an uncirculated one sells for about €30.

the German currency until it's downfall due to hyperinflation in the autumn of 1923.

In fact, the inflation was stopped and the currency stabilized in 1923-24. It involved massive deflation and was successful.

the elderly wrer forced to live in horrible starving conditions

it helped stabilise germanys economy by keeping hyperinflation under control

because Germany was in turmoil and in a state of hyperinflation and Hitler provided solutions. he also gave Germany someone to blame for ww1 being the Jews.

Die Schlucht des Todes - 1923 was released on: Germany: 11 May 1923 (Berlin) Finland: 7 October 1923 Germany: 1927 USA: 1929