1 jan 1923 ano - Hyperinflation

Descrição:

Due to the passive resistance strike of the workers in the Ruhr, the country did not have goods to trade to acquire money. So, what the German government did was print more money to pay off the workers. Germany then ended up using printed money to pay its reparations and inevitably started a cycle of money with no worth.

Thankfully, Hyperinflation was saved when Stresemann came to power, who ended up making an entirely new currency and saved Germany from further inflation.

(this is in more depth in Depth Study A!!)

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