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The hyperinflation of 1923 - Weimar Republic

• In early 1923, German workers embarked on a prolonged general strike as a protest against the occupation of the Ruhr by French troops. Despite its parlous economic condition, the Weimar government decided to support this strike by continuing to pay striking workers. It did so by increasing print runs of banknotes, a policy the government had been using intermittently since 1921. Government eco…

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  • Published: Sep 26, 2019

The hyperinflation crisis, 1923 - The Weimar Republic 1918 ...

• https://www.bbc.co.uk/bitesize/guides/z9y64j6/revision/5

  Prices ran out of control, for example a loaf of bread, which cost 250 marks in January 1923, had risen to 200,000 million marks in November 1923. By …

• Hyperinflation, 1923

  https://www.gcsehistory.com/faq/sub_weimar_hyperinflation.html

  A loaf of bread in 1922 cost 200 marks. By 1923 it cost 200,000 million marks. Many people used a barter system and traded items instead of paying with money to get around the problems of hyperinflation. As money became worthless, those with savings lost their money. This especially affected the middle classes.

• Hyperinflation and Weimar Germany - History Learning Site

  https://www.historylearningsite.co.uk/modern-world...
• See more on historylearningsite.co.uk

  • Published: May 22, 2015

• Hyperinflation in the Weimar Republic - Wikipedia

  https://en.wikipedia.org/wiki/Hyperinflation_in_the_Weimar_Republic

1. The hyperinflation crisis led prominent economists and politicians to seek a means to stabilize German currency. In August 1923, an economist, Karl Helfferich, proposed a plan to issue a new currency, the "Roggenmark" ("rye mark"), to be backed by mortgage bonds indexed to the market price of rye grain. The plan was rejected because of the greatly fluctuating price of rye in paper marks.

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