The Economic Turmoil of Germany in 1923: A Year of Crisis and Hyperinflation

Dec 31, 2025

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In 1923, Germany faced one of the most severe economic crises in its history, characterized by hyperinflation that rendered the currency nearly worthless. Following the burdensome reparations imposed by the Treaty of Versailles, economic instability led to a collapse in confidence in the Weimar Republic. Prices skyrocketed, and everyday goods became unaffordable, resulting in widespread civil unrest and social upheaval. This period of turmoil laid the groundwork for future political changes and the rise of extremist movements in Germany.

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The Economic Turmoil of Germany in 1923: A Year of Crisis and Hyperinflation

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