Hyperinflation in Germany

Hyperinflation in Germany, primarily during the early 1920s, was a period when prices skyrocketed rapidly, destroying the value of money. This happened after World War I due to huge government debts, war reparations, and printing excessive amounts of currency to pay these debts. As a result, people's savings lost their value, and prices for goods like bread or fuel could double within hours. The economy became unstable, making everyday life difficult, as money no longer served as a reliable store of value or medium of exchange. It was a severe economic crisis with widespread social and financial consequences.