The German mark becomes worthless because of hyperinflation

Category
Trade
Place
Germany
Date
1923
Reference
Excerpts from Books and Wikipedia
"What had caused the problem? Many Germans blamed the Treaty of Versailles and the need to pay reparations to the victors of World War I. The Nazis pointed to international Jewish financers, but the real culprits were successive German governments. They had taxed too little and printed too much money during the war, and they continued to do so after 1918." [Furtado: 1001 Days] See the event, "Threatened by Allies, Germany is forced to accept Treaty of Versailles."

This event is linked to the following periods

PeriodMiner
Begin
End
Category
Germany
1919
2020
German