What is hyperinfelation

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What is hyperinfelation

Posted by Shivam Chaudhary 7 years, 1 month ago

CBSE > Class 09 > Social Science

2 answers

Navin Agrawal 7 years, 1 month ago

As France wanted the money in terms of reparation (gold) then they took control over its leading industries Ruhr to get back the gold due to which Germany started printing paper notes (mark) in an uncontrollable manner. With too much of printed money the value of the Mark felt. The situation became so worst that to buy a single loaf of bread people have to carry cartloads of the marks.This situation came to be known as hyperinflation.

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Rishita Biyani 7 years, 1 month ago

With too much of printed money in circulation the value of German mark fell. As the value of German mark collapsed, the prices of goods scored. The image of Germans carrying cartloads of currency notes to buy a loaf of bread was widely publicised evoking worldwide sympathy. This crisis came to be known as hyperinflation, situation when price rises phenomenally high

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