https://padlet.com/279201/rkgs8jfpkiv5tgml Occurred between 1921-1924 en-us 2020-10-27 17:26:52 UTC 2020-10-29 05:29:19 UTC hello@padlet.com 279201 https://padlet.com/279201/rkgs8jfpkiv5tgml/wish/866790433 Post WWI, Germany had no means of paying their debt off in 1923. Due to the French and Belgian troops occupying the Ruhr regions of Germany, strikes towards their military involvement became a daily occurrence. However, the Weimar government had been behind the scenes, encouraging workers that were part of trade unions to continuously strike by paying them. ]]> 2020-10-27 17:30:30 UTC https://padlet.com/279201/rkgs8jfpkiv5tgml/wish/866790433 279201 https://padlet.com/279201/rkgs8jfpkiv5tgml/wish/866791189 The Weimar government essentially dug its own grave. Citizens were left to fend for themselves considering their savings had become useless, making them suffer for a period of time. Eventually, the new finance minister, Hans Luther, solved the issue with the creation of a new reserve bank (Rentenbank) and a new currency (Rentenmark). Along with with the backing of gold and loans from America, Germany was able to see a brighter future. ]]> 2020-10-27 17:30:40 UTC https://padlet.com/279201/rkgs8jfpkiv5tgml/wish/866791189 279201 https://padlet.com/279201/rkgs8jfpkiv5tgml/wish/872103527 Children playing with stacks of banknotes (reichsmarks). ]]> 2020-10-29 04:25:10 UTC https://padlet.com/279201/rkgs8jfpkiv5tgml/wish/872103527 279201 https://padlet.com/279201/rkgs8jfpkiv5tgml/wish/872110772 German woman using the worthless marks for fuel.]]> 2020-10-29 04:32:36 UTC https://padlet.com/279201/rkgs8jfpkiv5tgml/wish/872110772 279201 https://padlet.com/279201/rkgs8jfpkiv5tgml/wish/872112608 The marks would even be made out of the most ridiculous things.]]> 2020-10-29 04:34:14 UTC https://padlet.com/279201/rkgs8jfpkiv5tgml/wish/872112608 279201 https://padlet.com/279201/rkgs8jfpkiv5tgml/wish/872115446 Citizens would dump the marks out onto the street.]]> 2020-10-29 04:36:53 UTC https://padlet.com/279201/rkgs8jfpkiv5tgml/wish/872115446 279201 https://padlet.com/279201/rkgs8jfpkiv5tgml/wish/872126532 But how are these workers getting paid if there is practically no money?]]> 2020-10-29 04:47:52 UTC https://padlet.com/279201/rkgs8jfpkiv5tgml/wish/872126532 279201 https://padlet.com/279201/rkgs8jfpkiv5tgml/wish/872128782 In order to pay these workers, the government decides to temporarily print money.]]> 2020-10-29 04:50:14 UTC https://padlet.com/279201/rkgs8jfpkiv5tgml/wish/872128782 279201 https://padlet.com/279201/rkgs8jfpkiv5tgml/wish/872129464 What occurred from the printing of money eventually became one of the biggest downfall's of the Weimar Republic. As more money was printed, its value started to decrease. The economy was already at its lowest; workers were striking instead of producing goods, and by the time they realized the problem, hyperinflation had already spiraled out of control. ]]> 2020-10-29 04:50:55 UTC https://padlet.com/279201/rkgs8jfpkiv5tgml/wish/872129464 279201 https://padlet.com/279201/rkgs8jfpkiv5tgml/wish/872130531 2020-10-29 04:52:02 UTC https://padlet.com/279201/rkgs8jfpkiv5tgml/wish/872130531 279201 https://padlet.com/279201/rkgs8jfpkiv5tgml/wish/872131577 2020-10-29 04:53:05 UTC https://padlet.com/279201/rkgs8jfpkiv5tgml/wish/872131577 279201 https://padlet.com/279201/rkgs8jfpkiv5tgml/wish/872140088 In the span of a few months the cost of bread was that of 250 marks to 200,000,000,000 marks. This made trading with foreign countries impossible. Instead of using the money, the people started to barter their items.]]> 2020-10-29 05:00:33 UTC https://padlet.com/279201/rkgs8jfpkiv5tgml/wish/872140088 279201 https://padlet.com/279201/rkgs8jfpkiv5tgml/wish/872145130 Stacks of marks were taken everywhere for simple items in the market.]]> 2020-10-29 05:05:28 UTC https://padlet.com/279201/rkgs8jfpkiv5tgml/wish/872145130 279201 https://padlet.com/279201/rkgs8jfpkiv5tgml/wish/872167206 2020-10-29 05:26:57 UTC https://padlet.com/279201/rkgs8jfpkiv5tgml/wish/872167206