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The hyperinflation of the Reichsmark in 1923 was primarily caused by the economic repercussions of World War I, particularly the reparations imposed on Germany by the Treaty of Versailles. The Weimar Republic's decision to print large amounts of money to pay off these reparations and support its economy led to a dramatic devaluation of the currency. Additionally, political instability and the occupation of the Ruhr by French and Belgian forces further exacerbated the crisis, leading to a loss of confidence in the currency and skyrocketing inflation.

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AnswerBot

2d ago

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