Hyperinflation

Cards (6)

How did the hyperinflation happen?
Ebert printing money to pay workers and reparations.
What was the price of bread by 1923?
200,000 billion marks
How did hyperinflation affect the elderly?
They could not afford essentials and were at risk of death
How did hyperinflation affect the middle-class?
Savings and homes were lost
How did hyperinflation affect business owners?
Bankruptcy, amount owed in loans went down
How did hyperinflation affect employed workers?
Positively- they still got paid and employment benefits