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Why did the German government print large amounts of paper money after World War 1?
Under the Treaty of Versailles, the Germans were required to pay reparations to the winning Allied countries, primarily France. The amounts were denominated in French Francs which were pegged at a fixed rate of exchange against the German Mark. The German Chancellor of the Exchequer believed that by printing enough Deutschmarks, there would be enough money in circulation to pay off the French and have enough left over to finance the day-to-day needs of the German people, their businesses, and have enough left over to finance future business expansion.
It was a rather naive view of how currencies work together to derive a "real" value by comparing the rates of exchange with many currencies. When valued by the multiple exchange rate process, the German currency became almost worthless among European businesses and the German people suffered with out-of-control inflation and a near-total inability to trade with other countries.
What else can I help you with?
What impact did new world silver have on old world economies?
The Old World was negatively impacted by New World silver. The large amounts of the silver being sent back were so large that the prices of items rose but the value of silver decreased, causing people to be unable to afford anything.
What innovator was most responsible for making the United States a world economic power by producing large amounts of steel very efficiently?
Andrew Carnegie.
What is panic buyer?
people buying unusually large amounts of a product in anticipation of or after a disaster or perceived disaster, or in anticipation of a large price increase or shortage, as can occur before a blizzard or hurricane or government decree banning a particular popular product such as incandescent light bulbs.
Are DSL or ISDN suited for large amounts of traffic flow?
yes
What is the buying and selling of goods in large amounts over long distances?
Commerce
What does finance mean in the world?
The word finance is defined as the overseeing and management of great amounts of money by a large organization or government. In the world, this is important and is what controls the economy.
What resulted in the printing of large amounts of paper currency?
The US will show u soon that it will lead to the collapse of the us dollar. And one world government
When Germans left East Berlin in large numbers the East German government .?
a wall
When Germans left East Berlin in large numbers the East German government...?
a wall
When Germans left east Berlin in large Number's the east german government?
a wall
When Germans left East Berlin in large numbers, the East German government?
a wall
What did the East German government do when large numbers of Germans fled the country?
built the berlin wall
Why did the government borrowed large amounts of money during the revolutionary war?
War costs a lot of money. They are not free.
What levels of government is Ireland?
There is national government and local government, which would include county, city, town and borough councils. However local government does not have large amounts of authority, and most of it is through the national government.
Computers used by business and government to process large amounts of information?
Mainframe e.g. IBM z10, Z196 etc
Who is blitzcrieg?
A blitzkrieg is a German word that means 'lightning war'. It was a process used in World War II where large amounts of men and material invaded a country overwhelming its defenses. Several countries gave up within weeks.
Which has more intertia large or small mass amounts?
Large mass amounts.
