nov 1, 1923 - 1 mark worth 200,000 billion marks

Description:

IMPACTS:

- classes are affected the most as they lose a lot of their savings
- everybody is inconvenienced by inflation
- money has to be carried in baskets or wheelbarrows

- widespread shortages of consumer goods
- return to barter
- upper class often see their wealth protected in their assets
- loss of faith in the Weimer government —> rise in support of the radical parties
- weakening of the middle class also weakens the moderate liberal parties
- wave of strikes

by this time there are 2000 printing houses and 300 papers mills dedictated to printing money

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