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13th November 1923 Daily Mail Hyperinflation shock in Germany
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13th November 1923 Daily Mail Hyperinflation shock in Germany The shock of hyperinflation in Germany at the moment is shocking to the people of Germany. The cause of hyperinflation is simple; Inflation is a general rise in the price level. It is also a cost to the economy because of the uncertainty it creates. In Germany the cause of it was Germany had no money so they printed more money, to replace the money they did not have, this caused prices to go up and money became worthless. A pensioner from Munich is one of many suffering from the hyperinflation. When she re-tired she thought her pension was good enough to keep her clothed and with food. But because she has no income and only a pension every month she is losing out. Her saving has become worthless. A middle class shopkeeper from Berlin has savings and a small business, but because of...
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