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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.
Zero stroke or cipher stroke was an alleged mental disorder, reportedly diagnosed by physicians in Germany during the hyperinflation in the Weimar Republic (1921–24). The disorder was primarily characterized by the desire of patients to write endless rows of zeros, which are also referred to as ciphers.
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 hyperinflation peaked in October 1923 and banknote denominations rose to 100-trillion (10 14)-ℳ︁. At the end of the hyperinflation, these notes were worth approximately £stg5.2 or US$23.81. At the end of the hyperinflation, these notes were worth approximately £stg5.2 or US$23.81.
The hyperinflation under the Chinese Nationalists from 1939 to 1945 is a classic example of a government printing money to pay civil war costs. By the end, currency was flown in over the Himalayas, and then old currency was flown out to be destroyed. Hyperinflation is a complex phenomenon and one explanation may not be applicable to all cases.
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 ...
It was a time of multiple crises for the Weimar Republic. Hyperinflation, fueled by the policy of passive resistance towards the French and Belgian occupation of the Ruhr, was at its peak, and parties on the extreme left and right had taken over or joined the governments in Bavaria, Saxony and Thuringia.