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Hyperinflation (Causes (1923 - prices soared,money values spiralled., Many…
Hyperinflation
Causes
1923 - prices soared,money values spiralled.
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Suffering
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Retired, who depended on fixed pensions + savings.
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Examples
Cost of 1kg Bread: 1913 = 0.29 Summer 1923 = 1,200 November 1923 = 428bn
Cost of 1kg Butter: 1913 = 2.70 Summer 1923 = 26,000 November 1923 = 6,000bn
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