Nazism and the Rise of Hitler — Social Studies STD 9 — Question
CBSE BoardEnglish MediumSTD 9Social StudiesNazism and the Rise of Hitler3 Marks
Question
What do you understand by ‘Hyperinflation’?
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Answer
With too much of printed money in circulation, the value of German mark fell. As the value of German mark collapsed, prices of goods soared.
The image of Germans carrying cartloads of currency notes to buy a loaf of bread was widely publicised evoking worldwide sympathy.
This crisis came to be known as ‘hyperinflation’-a situation when prices rise phenomenally high.
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