1. Learning Objectives:
• To understand what hyperinflation is
• To analysis the causes and consequences of hyperinflation
in 1923 Weimar Republic
• How Hyperinflation affected different people within
Germany
Hyperinflation
Starter:
Define what the term
hyperinflation means and
which country has
recently experienced
this?
3. Hyperinflation
LO: To
understand
what
hyperinflation is
Mission:
You are a worker
at a factory. The
bell for lunch has
just rung. You must
run to the bank to
withdraw your
money that has
just been
deposited.
You must then go to the shop (classroom) to purchase
a marker pen and some chocolates before the prices
go up. At the moment the cost for both is 12 Marks
4. Minutes
transpired
Cost of Marker
Pen and
Chocolates
0 12
0.5 134,444.4
1 268,888.8
1.5 403,333.2
2 537,777.6
2.5 672,222.0
3 806,666.4
3.5 941,110.8
4 1,075,555.2
4.5 1,209,999.6
5 1,344,444.0
5.5 1,478,888.4
6 1,613,332.8
6.5 1,747,777.2
7 1,882,221.6
7.5 2,016,666.0
8 2,151,110.4
8.5 2,285,554.8
9 2,419,999.2
9.5 2,554,443.6
10 2,688,888.0
You are the shopkeepers, you must get the
shoppers into your shop when they arrive
with the pay.
Keep a track of the time and when they
arrive use the table opposite as your
pricing for the items.
As a shopkeeper you can decide the cost
of each, one may be more expensive than
then other. You do NOT give change!
Barter with shoppers if they don’t have
enough money, and do not hand over the
chocolates unless they are satisfied with
the value of the goods offered. For
example, if they want the chocolates; let’s
have your pen, coat, bag, trainers etc…
5. Hyperinflation
LO: To
understand
what
hyperinflation is
The result was that German money became completely
worthless: by August 1923 prices were rising by 400%
every day..
July 1914 £1 = 20 marks
January 1919 £1 = 35 marks
January 1920 £1 = 256 marks
January 1921 £1 = 256 marks
January1922 £1 = 764 marks
January 1923 £1 = 71,888 marks
September 1923 £1 = 1,413,648 marks
October 1923 £1 = 3,954,408,000,000 marks
November 1923 £1 = 1,680,800,000,000,000 marks
8. Hyperinflation
LO: analysis the
causes and
consequences
of hyperinflation
Homework:
In groups of three you will
be give a source related to
the 1923 Hyperinflation.
You must act out this
source next lesson and
provide a brief
interpretation to the class
has to what is happening
and why?
Remember be exciting,
energetic and use props!!!
9. LO: analysis the
causes and
consequences
of hyperinflation
Rank the groups of people by how
negatively impacted they were
due to hyperinflation? State a
reason for each groups position.
Hyperinflation
• Factory Worker
• Middle class person relying on
bank savings
• Farmer
• Wealthy landowner
• Upper-class business who was
in great debt before
hyperinflation
• Pensioner
10. Hyperinflation
LO: analysis the
causes and
consequences
of hyperinflation
RECAP:
Why did French troops invade
the Ruhr in 1923?
How did the German people
feels about the French invasion?
How did the Weimar
government respond?
What problems did this cause?
11. Hyperinflation
LO: analysis the
causes and
consequences
of hyperinflation
RECAP:
Draw a Mind Map
outlining the
problems that the
Weimar Republic
faced from 1919 to
1923
Link the problems
where you can and
state how they are
connected.
Problems of
the Weimar
republic
12. The Recovery Years
Homework:
Read pages 26 & 27.
In groups of three create a
table that reviews what has
and has not been solved in
relation to the below for
Germany after 1924
1. Relations with other
countries
2. Politics
3. The economy
Editor's Notes
How would this affect Germans who were trying to buy food, pay rent or hire essential equipment?
How would it affect businesses wanting to order raw materials, workers collecting their wages or politicians trying to plan for future improvements?
What might be the political impact of hyperinflation? Who would people blame – their own government or would they connect hyperinflation with events abroad e.g. the Treaty of Versailles?
