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Any Great Nation That Has Been Driven To Despair Has Always Found The Ways and Means For Its Revenge'
Any Great Nation That Has Been Driven To Despair Has Always Found The Ways and Means For Its Revenge'
One effect of the hyperinflation crisis on Germany is that Reichsmark’s value has been
significantly decreasing due to the mass print of money in Germany at that time. During the
hyperinflation, money became so worth less that kids in street took stacks and stacks of
money just to play with, also households used money to light up stove and even used
money to wallpaper their house. This was a mass problem as money losses it’s value people
would rather trade their items rather than purchasing the goods with money. This was also
a problem as underground black market, stealing and chaos occurred in many places as
hyperinflation carried on. It was devastating for the German government as they haven’t
finished paying their reparations and their income has been cut down from the only
industrial area being taken and inflation carries on, which means that they can’t afford the
reparations, which leads to conflict and war, Germany couldn’t afford having another war.
Another effect of the hyperinflation crisis on Germany is that workers’ wages couldn’t keep
up with the rate of inflation going on in Germany. This was due to the Reichsmark’s value
falls as more money was printed by the Weimar Government, and so causing the cost of
goods rising at a huge amount, and as the cost of the goods keep on rising, the workers
wage rises as well, but the rate of the goods rises so much it then makes the workers or the
not wealthy people not being able to purchase enough goods to survive. This was a problem
due to the fact that people were barely surviving and this then leads to poor health which
means that the workers become less productive and that worsens the economy even more.