Hyperinflation

As a result of passive resistance in the Ruhr, the government had to buy resources such as coal from other nations. Moreover, they had to pay trillions of marks to the workers who were on strike. This led to the phenomenon of hyperinflation in 1923.

SOURCE B: TABLE SHOWING THE DECREASING VALUE OF THE MARK AGAINST THE POUND, 1914-23

SOURCE C: A CARTOON PUBLISHED IN GERMANY BY THE LEFT-WING MAGAZINE SIMPLICISSIMUS IN 1923. TOP CAPTION READS ‘PAPER MONEY’ AND THE BOTTOM ONE READS ‘BREAD’.

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