716660
Description
Mind Map by Elizabeth Carr, updated more than 1 year ago
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Created by Elizabeth Carr
about 10 years ago
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Consequences of Hyperinflation
- Political effects
- Belief that the middle class voted for Nazis because of their economic suffering
- Much of German debt was paid off with worthless money
- Could not pay reparations
- Trade unions couldn't negotiate wage settlement for members
- Contributed to lack of faith in new Republic
- Loss of old values increased tensions
- Psychological damage affecting Republic
- Economic policy in national interest
- Need to cut back spending would have had consequences
- Belief that the middle class voted for Nazis because of their economic suffering
- Economic effects
- Bank investments lost monetary value
- War bonds became worthless and millions were lost
- Fixed incomes became worth drastically less
- Mortgages could be paid off in worthless money
- Property prices remained the same
- Rich business men and homeowners could buy property from financially desperate
- Bank investments lost monetary value
- Social effects
- Some benefited but overall society deteriorated (German Health Minister)
- Mortality rates increased from 12.6 to 13.6 per thousand in towns in 1921-22
- Illnesses due to bad diet
- Oedena from watery diet
- Stomach disorders
- Food poisoning
- Oedena from watery diet
- Deaths from hunger more frequent
- Worsened behaviour and attitude of German population
- More crime
- Decline in morality
- Prostitution
- Prostitution
- Growth in suicides
- Increase in finding scapegoats
- Some benefited but overall society deteriorated (German Health Minister)
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