This presentation is about how Hyperinflation affected the German Papiermark, the currency of the Weimar Republic, between 1921 and 1923, primarily in 1923. It caused considerable internal political instability in the country, the occupation of the Ruhr by France and Belgium as well as misery for the general populace.The Weimar government's main crisis occurred in 1923 after the Germans missed a reparations payment late in 1922. This set off a chain of events that included occupation, hyperinflation and rebellions.

1. ECONOMICS ASSIGNMENT
CO2
Submitted by- Submitted to-
Rahul Joshi(211204) Prof. Anuradha T.N
Yashraj Jethwa(211220)
Atul Ranjan(211183)
Krishnav Jyoti Das(211250)
Siddhant A Joshi(211212)
HYPERINFLATION

2. INTRODUCTION TO
GERMANY
 Germany is a country located in the
heart of Western Europe. The
government system is a federal
republic; the chief of state is the
president, and the head of
government is the chancellor.
Germany has a mixed economic
system which includes a variety of
private freedom, combined with
centralized economic planning and
government regulation. Germany is a
member of the European Union (EU).

3. HYPERINFLATION IN
GERMANY
 1923 Crisis :
 Hyperinflation affected the German
Papiermark, the currency of the Weimar
Republic, between 1921 and 1923, primarily in
1923. It caused considerable internal political
instability in the country, the occupation of
the Ruhr by France and Belgium as well as
misery for the general populace

4. CAUSES OF
HYPERINFLATION
 Hyperinflation is a situation when prices rise
phenomenally high. This situation occurred in
Germany in 1923 due to several reasons:
 Germany had fought the First World War
largely on loans and had to pay the war
compensation in gold.
 The excessive printing of paper money
 The inability of the Weimar government to
repay debts and reparations incurred from
World War I
 Political problems, both domestic and foreign.

5. HYPERINFLATION
GRAPH OF 1923

6. RECOVERY FROM
HYPERINFLATION
 The stabilization was brought about by creating a
new bank, Retenbank which introduced a new
currency called the Retenmark
 Calling off the ‘passive resistance’ of German
workers in the Ruhr. This helped Germany’s
economy because goods were back in
production and the Government could stop
printing money to pay striking workers.
 A set of political reforms brought by Stresemann
further strengthened political stability. Reforms
that meant welfare for general people like job
centers, unemployment pay etc, were
introduced.

7. GERMANY IN 2022
 The GDP per capita of Germany in 2021
was $50,734, $4,518 higher than in 2020.
 GDP grows 2.9% in Germany
 Currently the economy of Germany is
a highly developed social market
economy. It has the largest national
economy in Europe, the fourth-largest by
nominal GDP in the world, and fifth by
GDP (PPP)