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Hyperinflation affected the German Papiermark, the currency of the Weimar Republic, between 1921 and 1923, primarily in 1923. The German currency had seen significant inflation during the First World War due to the way in which the German government funded its war effort through borrowing, with debts of 156 billion marks by 1918.
Essentially, all of the ingredients that went into creating Germany’s hyperinflation can be grouped into three categories: the excessive printing of paper money; the inability of the Weimar government to repay debts and reparations incurred from World War I; and political problems, both domestic and foreign.
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Aug 2, 2016 · Learn what caused Germany's hyperinflation in the 1920s, and how economic crisis contributed to a mood of uncertainty in the Weimar Republic. Last Updated: August 2, 2016. facebook sharing.
Sep 20, 2013 · Matthew Boesler. Sep 20, 2013, 7:29 AM PDT. Weimar Germany after World War One went through one of the worst hyperinflations in history, unleashing untold horrors on the German people and their ...
- Matthew Boesler
The crisis of 1923 permanently damaged the Weimar government's reputation. Many blamed the government's handling of the French invasion of the Ruhr as the cause of the depression. Hyperinflation destroyed the life savings of the middle classes. As a result, the government lost the support and trust of a key electorate group.
The crisis ultimately eroded public trust in the Weimar Republic and was one of the causes of its eventual collapse. Hyperinflation in Germany during the inter-war years was a disastrous economic phenomenon which in the early 1920s and reached its peak in 1923.
Printing more money. In order to control inflation, a Government can limit the amount of currency in circulation. At the height of the reparations repayment crisis the Weimar Government did the exact opposite, it printed MORE money.
