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Hyperinflation affected the German Papiermark, the currency of the Weimar Republic, between 1921 and 1923, primarily in 1923. The German currency had seen significant inflation during the First World War due to the way in which the German government funded its war effort through borrowing, with debts of 156 billion marks by 1918.
By late 1923, the Weimar Republic of Germany was issuing two-trillion mark banknotes and postage stamps with a face value of fifty billion marks. The highest value banknote issued by the Weimar government's Reichsbank had a face value of 100 trillion marks (10 14 ; 100,000,000,000,000; 100 million million).
The Weimar Republic, [d] officially known as the German Reich, [e] was a historical period of Germany from 9 November 1918 to 23 March 1933, during which it was a constitutional republic for the first time in history; hence it is also referred to, and unofficially proclaimed itself, as the German Republic.
In Germany between the two world wars, inflation rose to such a point in the early '20s that a loaf of bread cost a million or more marks. Cities and townships printed their own money in a ...
The aftermath of Germany's loss in World War 1 saw the country experience severe hyperinflation, with the Weimar Republic finally tackling the issue by 1923. A period of known as the Golden Twenties then saw major economic stabilization and growth fuelled largely by foreign investments and loans. However, the Great Depression resulted in the ...
A logarithmic scale depicting Weimar hyperinflation to 1923. One paper Mark per Gold Mark increased to one trillion paper Marks per Gold Mark. Historians and economists differ on the subject of whether, and to what extent, reparations were a cause of hyper-inflation in the Weimar republic.
BERLIN (AP) — A divided nation grappling with rising inequality, new mass media and the growth of populist politics. Skip to main content. Sign in. Mail. 24/7 Help. For premium support please ...
Eastern Aid (German: Osthilfe) was a program of the government of the Weimar Republic beginning in 1926 to give financial support to agriculture in Germany's easternmost regions, primarily the eastern provinces of Prussia. The intention was that the agricultural estates there, which were suffering financially for a number of reasons, would be ...