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

Descrição:

∼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

Adicionado na linha do tempo:

Data: