Consequences of Hyperinflation

Elizabeth Carr
Mind Map by Elizabeth Carr, updated more than 1 year ago
Elizabeth Carr
Created by Elizabeth Carr almost 6 years ago
47
5

Description

Consequences of Hyperinflation in Weimar Germany

Resource summary

Consequences of Hyperinflation
1 Political effects
1.1 Belief that the middle class voted for Nazis because of their economic suffering
1.2 Much of German debt was paid off with worthless money
1.3 Could not pay reparations
1.4 Trade unions couldn't negotiate wage settlement for members
1.5 Contributed to lack of faith in new Republic
1.6 Loss of old values increased tensions
1.7 Psychological damage affecting Republic
1.8 Economic policy in national interest
1.9 Need to cut back spending would have had consequences
2 Economic effects
2.1 Bank investments lost monetary value
2.2 War bonds became worthless and millions were lost
2.3 Fixed incomes became worth drastically less
2.4 Mortgages could be paid off in worthless money
2.5 Property prices remained the same
2.6 Rich business men and homeowners could buy property from financially desperate
3 Social effects
3.1 Some benefited but overall society deteriorated (German Health Minister)
3.2 Mortality rates increased from 12.6 to 13.6 per thousand in towns in 1921-22
3.3 Illnesses due to bad diet
3.3.1 Oedena from watery diet
3.3.2 Stomach disorders
3.3.3 Food poisoning
3.4 Deaths from hunger more frequent
3.5 Worsened behaviour and attitude of German population
3.6 More crime
3.7 Decline in morality
3.7.1 Prostitution
3.8 Growth in suicides
3.9 Increase in finding scapegoats
Show full summary Hide full summary

Similar

World War II Notebook
jenniferfish2014
Implications of War- Causes, Practices, and Effects Unit
AlisonH
The Weimar Republic, 1919-1929
shann.w
Why did Chamberlain's Policy of Appeasement fail to prevent the outbreak of war in 1939?
Leah Firmstone
Causes and Practices of War Quiz
AlisonH
Germany 1918-39
Cam Burke
Hitler and the Nazi Party (1919-23)
Adam Collinge
Weimar Revision
Tom Mitchell
The Berlin Crisis
Alina A
Hitler's Chancellorship
c7jeremy
GCSE History – Social Impact of the Nazi State in 1945
Ben C