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The hyperinflation in 1923 plunged Germany into even deeper financial turmoil as the DM (deutschmark) became even more worthless so the money that the people had was vastly reduced in value. I think that in 1923, Germany refused to pay the reparations but I don't know what happened after that...

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14y ago

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After the treaty of Versailles was signed in 1919, Germany were forced to pay reperations which were over 6.6 million. At this time no one had ever heard or imagined such amounts of money.

In 1923 Germany were unable to pay the yearly payments, this lead to the government deciding to print more money to pay the high reperations. As a result of this money became worthless, wages were payed twice daily before the rates went up, people required wheelbarrows to carry their wages, in 1923 it would cost over a million Marks to buy a loaf of bread or even an egg.

January 1923 250 marks

July 1923 3465 marks

September 1923 1,512,000 marks

November 1923 201,000,000,000 marks

These figures show the Rising cost of a loaf of bread in 1923

Hope this helps x

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13y ago
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Q: What caused hyperinflation in Germany in 1923?
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