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How Were the Lives of Germans Affected by the Hyper-Inflation of 1923?
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Kate Bystrova How Were the Lives of Germans Affected by the Hyper-Inflation of 1923? After the war there had been a period of stability, but this was much akin to the calm before a storm; inflation soon resumed and by 1923 was raging as the "wildest inflation in history". Prices would double in a matter of hours. A wild stampede erupted as people rushed to buy food and get rid of money. The government, however, continued to print paper money in an attempt to appease the people, despite not having sufficeint resources to support the currency; this led to constantly rising inflation. Germany's hyper-inflation hit its worst point ever in 1923. By this time prices had become ridiculous, with the cost off a loaf of bread rising to as much as 200 billion marks. In 1923, a German housewife burned mark notes in her kitchen stove, since it was cheaper to burn marks...
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