HISTORY
THE WORLD BETWEEN THE WARS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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They printed money to pay reparations to the Allies
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The Allies took all their money when they conquered Germany
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Germany was forced to give all their money to Russia
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All the German banks were destroyed by Allied bombing raids
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Detailed explanation-1: -The hyperinflation made day-to-day survival arduous for ordinary Germans, most of whom were members of the working classes employed in factories. The exponential price rise made it difficult to obtain even basic goods like bread, meat, and coal to heat homes. Pay received one day was often worthless the next.
Detailed explanation-2: -In Germany prices doubled between 1914 and 1919. After four disastrous years Germany had lost the war. Under the Treaty of Versailles it was forced to make a reparations payment in gold-backed Marks, and it was due to lose part of the production of the Ruhr and of the province of Upper Silesia.
Detailed explanation-3: -Germany could not import the goods it needed for survival. Daily life became difficult for many. Hyperinflation created a situation whereby prices rose almost hour by hour. People were paid twice in a day and often had to take piles of money to the shops in wheelbarrows.