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Explain the term hyperinflation in Germany

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Explain the term hyperinflation in Germany

Posted by Unnati Mishra 5 years, 9 months ago

CBSE > Class 09 > Social Science

1 answers

Yogita Ingle 5 years, 9 months ago

With too much of printed money in circulation, the value of German mark fell. As the value of German mark collapsed, prices of goods soared. The image of Germarts 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’ a situation when prices rise phenomenally high.

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CBSE > Class 09 > Social Science