hyperinflation recap

• quantitave easing and paying for passive resistance strikers as well as foreign currencies to pay reparations caused massive hyperinflation, where food riots, looting, crime, and cost of living.
• Bread costed 163 marks in January 1923, and by November 1923 it was 233bn marks. all money lost its value completely
• stresemann tried to stabilize the economy and replaced the riechsmark with the rentenmark. he restored foreign affairs by entering germany in the league of nations.
• stresemann used article 48 to end passive resistance, create the rentenmark (October 1923) backed by the mortgaging of land, convinced french to withdraw from the rhineland (done in 1925), convinced the allies to reconsider reparations payments, leading to the dawes plan
• stresemann hasd a very influential 103 days as chancellor, and was foreign minister from august 1923 until his death