Kapp Putsch

When Money Buys Little – the Hyperinflation of the Weimar Republic

When Money Buys Little – the Hyperinflation of the Weimar Republic

Mid November 1923, the Hyperinflation of the Weimar Republic reached its peak. Due to Germany’s obligation to pay large reparations after World War I, a hyperinflation was induced reaching its peak in November 1923, when the American dollar was worth 4,210,500,000,000 German marks. World War I – Increasing the Amount of Money Shortly after the beginning of the First World War on August 4, 1914, the German Reich government abolished the Reichsbank’s legal…
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