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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.
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What kind of money is used in Europe?
EURO
How did the Marshall plan help post-war Europe?
Some critics say the money was spent on rebuilding militaries and warring. Others say the money saved Europe from being made into communist countries. If you asked the Europeans who benefited from the money they would tell you the money rebuilt their nations and economies. I vote for the latter after seeing how well Europe did recover and have stabilized the peaceful and democratic nations of Europe
Which lasting impact of World War 1 weakens the economy of Europe leading to the Great Depression?
European countries had to spend money supporting refugees fleeing the fighting.
What do the french call money?
euro because their country is in Europe
Why did Europe have money from the colonies?
England got money from the 13 colonies by taxing them. They put a tax on things such as tea and printed materials. The townshend and tea acts are both two ways that England got money from the 13 colonies. Other countries in Europe got money from the colonies by trading items with them such as in slave trade.
Why did the owners not have enough money to pay the people during the great depression?
Their money had become nearly worthless. It cost $30 to $50 just for a hamburger.
Why was germanys money worthless?
The German government printed too much of it before World War 2.
Is money a Social issues?
When we happen to get wages or salaries, we immediately spend the money for worthless and nonsense .... The most Important Social Issues In The World Today
Why is college needed?
It helps u suceed Without collage you will become some worthless hobo spending there days begging for food and money.
Why was money loaned to Europe after World War 2?
The money was loaned to Europe so the countries could be rebuilt and to stabilize their economy
Why don't we print an infinite amount of money?
We don't print an infinite amount because that would generate inflation. If we printed an infinite amount of money, the currency would become cheap and worthless.
What happen when the dollar falls against the euro?
Not only will the America fail, but the whole economy will. If only the government listened to people more that themselves... The world will will be based on trading and of course, money will be worthless.
How do you cash outdated money orders?
You cannot. Money Orders are valid only for a certain period of time (Usually 90 days) and after that, they become worthless. They do not have any monetary value after the money orders expiration date. You cannot cash them after that date.
By the end of the war Continental money was?
virtually worthless
Why is counterfeit money bad?
Because it's worthless?
If you lost money on a financial institution stock can you claim it as a loss?
Yes, if you sold the stock for less than your basis or if there was an event that caused your stock to become worthless during the year. Note that this does not apply if the stock was in a tax-sheltered account such as an IRA or a 401k. If a bank went out of business causing the stock to become worthless, you can claim it as a loss. If the value of the stock went from $200 a share to $.02 a share, it is not yet worthless -- no deduction until you sell it.
Where did money become worthless causing inflation during the civil war?
In the South. By the beginning of 1864, a Confederate dollar was down to 5 cents. By the end of that year, it was down to almost nothing.
