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Define hyperinflation

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Define hyperinflation

    • Posted by Sanjay Kumar 4 years, 8 months ago

    CBSE > Class 09 > Social Science
    • 1 answers

    Gaurav Seth 4 years, 8 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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