Group5p5

HYPERINFLATION
=Year Event Happen= =1919- 1923= =__Summary__-=


 * 1) ** Hyperinflation is when the prices get very high and money looses there currency. Hyperinflation mostly occurred from 1919-1923 in Germany. In 1922 some of the Germans tried to fix their economic crisis but these attempts failed. They kept buying worthless money for goods and foreign exchange. January 1923 Germany endured the passive resistance program, billions of their money was being printed. 300 paper mills were working at full speed in the late 1923. there were no unemployment rates anywhere because of how hard businesses were working, but the paychecks for the workers were bad and dropping. These wages were so bad that the workers were suffering to keep their homes and even feed themselves. A theory of why this inflation happened was because of the government printing too much money and causing the prices to rise. Some business men were actually happy about this hyperinflation because it got rid of their debts and they knew what to do for themselves and protect themselves by going into foreign exchange. **

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