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Problems in Germany in the 1920s ,[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object]
Map of the Ruhr
French occupation Tractors being sent directly to France
German Reaction
Inflation ,[object Object],[object Object],[object Object]
Money is valuable because it is SCARCE ,[object Object],[object Object],[object Object],[object Object]
The price index (measures inflation) 726,000,000,000 Nov 1923 194,000 July 1923 2,785 Jan 1923 RUHR 100.6 July 1922 36.7 Jan 1922 14.3 July 1921 14.4 Jan 1921 12.6 Jan 1920 3.4 July 1919 2.6 Jan 1919 1.0 July 1914
German children playing with bricks of money
Burning money – it is less valuable than firewood
Collecting a day’s wages
From a 50 Mark note to (three years later) a 20 Trillion Mark note.
The Treaty of Versailles responsible for economic problems? ,[object Object],[object Object],[object Object]
 

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