German hyperinflation of the early 1920s

E1004456

The German hyperinflation of the early 1920s was a catastrophic monetary crisis in the Weimar Republic during which the value of the mark collapsed, wiping out savings and destabilizing the economy and society.

All labels observed (6)

How this entity was disambiguated

Statements (48)

Predicate Object
instanceOf economic crisis ⓘ
historical event ⓘ
hyperinflation ⓘ
alsoKnownAs German inflation of 1923 ⓘ
Weimar hyperinflation ⓘ
cause World War I reparations burden ⓘ
collapse of confidence in the mark ⓘ
large wartime and postwar budget deficits ⓘ
loss of productive territory after World War I ⓘ
massive money printing by the Reichsbank ⓘ
occupation of the Ruhr by French and Belgian troops ⓘ
passive resistance and strike policy in the Ruhr ⓘ
country Germany ⓘ
Weimar Republic ⓘ
currencyAffected German Papiermark ⓘ
linked to: Papiermark

Reichsmark predecessor currencies ⓘ
effect collapse of the value of the German mark ⓘ
destruction of middle-class savings ⓘ
disruption of normal economic activity ⓘ
erosion of long-term contracts and pensions ⓘ
impoverishment of fixed-income groups ⓘ
increased political radicalization ⓘ
loss of trust in democratic institutions of the Weimar Republic ⓘ
rise in support for extremist parties ⓘ
severe social unrest in Germany ⓘ
use of foreign currencies and commodities as stores of value ⓘ
widespread barter and non-monetary exchange ⓘ
windfall gains for debtors ⓘ
endedBy currency stabilization measures of 1923–1924 ⓘ
fiscal reforms under Gustav Stresemann’s government ⓘ
introduction of the Rentenmark ⓘ
endTime 1924 ⓘ
historicalContext interwar period ⓘ
post–World War I Europe ⓘ
keyFigure Gustav Stresemann ⓘ
Hjalmar Schacht ⓘ
Rudolf Havenstein ⓘ
location Germany ⓘ
Ruhr region ⓘ
linked to: Ruhr area
notableConsequence long-lasting German fear of inflation ⓘ
strengthening of narratives of national humiliation ⓘ
peakYear 1923 ⓘ
relatedTo Dawes Plan ⓘ
Treaty of Versailles ⓘ
Weimar Republic ⓘ
occupation of the Ruhr ⓘ
startTime 1921 ⓘ
timePeriod early 1920s ⓘ

How these facts were elicited

Referenced by (6)

Full triples — surface form annotated when it differs from this entity's canonical label.

Rudolf Havenstein → involvedIn → German hyperinflation of the early 1920s ⓘ
German federal election, December 1924 → relatedEvent → German hyperinflation of 1921–1923 ⓘ
linked to: German hyperinflation of the early 1920s
Papiermark → usedDuring → German hyperinflation ⓘ
subject linked to: Mark
linked to: German hyperinflation of the early 1920s
Deutsche Rentenbank → foundedDuring → Weimar hyperinflation crisis ⓘ
linked to: German hyperinflation of the early 1920s
German hyperinflation of the early 1920s → alsoKnownAs → Weimar hyperinflation ⓘ
linked to: German hyperinflation of the early 1920s
German hyperinflation of the early 1920s → alsoKnownAs → German inflation of 1923 ⓘ
linked to: German hyperinflation of the early 1920s