Review your reading on hyperinflation.
You might also want to view the KS3 pages and images (click here).
2 Produce a table to record your notes about the winners and losers of hyperinflation.
3 In what ways might hyperinflation have damaged the Weimar Republic?
Click on the yellow arrow to access the resource. Then, click on each person to discover how hyperinflation affected them.
With the economy in ruins and the German government printing more and more money prices kept going up. Inflation became out of control; the price of an item could double in a matter of hours.
By the autumn of 1923 a loaf of bread cost 200,000,000,000 marks. Workers paid by the hour found their wages were worthless, because prices had risen since they began their shifts.
People who had saved money for years saw the value of those savings wiped out. A number of German banks went out of business as loans were wiped out and customers’ deposits became worthless.