Hyperinflation (jan 1, 1921 – jan 1, 1923)

Description:

∼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

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