Please enable JavaScript.
Coggle requires JavaScript to display documents.
Chapter 3 - Economic and Social Problems in Germany - Coggle Diagram
Chapter 3 - Economic and Social Problems in Germany
Social Impact of Hyperinflation
Winners - manipulated the situation to their advantage
black-marketeers bought up food stocks and inflated all their priced
those who had debts mortgages and loans could pay them off in worthless currency - this also helped enterprising businesses
owners of foreign exchange and foreigners living in germany
most farmers coped as food was in high demand and money was less important in rural areas
Losers - those relying on fixed sources of income
pensioners and war widows
people who had lent money to the government during the war
Landlords reliant on fixed rents
29.3% of the workforce was employed
although the workers were given wage increases this didn't keep up with the rising prices so standards of living declined
Artisans and small business owners ( the mittelstand )
the sick were badly hit as the cost of medical care increased - the price in food increased leading to widespread malnutrition
death and suicide rates went u as a result.
Children suffered with rickets and TB as they had dietary deficiency
Impact of the Reparations
Economic
Germany should pay 132 billion gold marks or £6.6 billion with an ultimatum to accept in 6 days
Political