Hyperinflation in Germany (Weimar Republic)

Hyperinflation in Germany during the Weimar Republic (1921-1923) was a period of extremely rapid and out-of-control price increases. It occurred mainly because the government printed excessive amounts of money to pay for war debts and reparations after World War I. As a result, the value of the German mark plummeted, and prices for goods and services surged dramatically—sometimes daily—making money lose its worth quickly. People needed carts of cash to buy basic items, and savings were wiped out. This economic chaos undermined confidence in the currency and destabilized society.