Hyperinflation of the Weimar Republic

Hyperinflation in the Weimar Republic (1921-1923) was a period when Germany’s economy rapidly deteriorated, causing the value of its money to plummet. To pay war debts and fund government expenses, the government printed excessive amounts of money. As a result, prices soared wildly—purchasing a loaf of bread could cost billions of marks—making currency nearly worthless. People’s savings were wiped out, and economic stability collapsed. This crisis eroded trust in the government and currency, creating chaos and hardship for ordinary Germans. The hyperinflation eventually ended when the government introduced a new currency and stabilized the economy.