German Hyperinflation of 1923

The German hyperinflation of 1923 was a period when prices skyrocketed, and money lost its value rapidly. This happened because Germany's government printed excessive amounts of money to pay for World War I debts and war reparations, flooding the economy with currency. As a result, people needed increasingly more money to buy the same goods, and trust in the currency collapsed. Savings became worthless, and everyday transactions became challenging. The crisis caused economic chaos, widespread hardship, and led to lasting social and political effects in Germany.