Hyperinflation (1 gen 1921 anni – 1 gen 1923 anni)
Descrizione:
∼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
Aggiunto al nastro di tempo:
Data:
1 gen 1921 anni
1 gen 1923 anni
~ 2 years