Hyperinflation (1 ene 1921 año – 1 ene 1923 año)
Descripción:
∼1921-1923
- Workers went on strike so that there was nothing the French could take
- The WR printed more money to pay the striking workers as well as to pay off some debt
- Only resolved when the Rentenmark was introduced (Stresemann)
Implications on middle class:
• Middle classes were hardest hit as their entire savings were wiped out
• Even though it was eventually solved, the WR never won back the support of the middle
Añadido al timeline:
fecha:
1 ene 1921 año
1 ene 1923 año
~ 2 years