Search results
Jun 27, 2019 · Germany had suspended the gold standard and financed the war by borrowing. Reparations further strained the economic system, and the Weimar Republic printed money as the mark’s value tumbled.
The currency stabilised in early 1922 but thereafter hyper-inflation took off, with the mark falling in exchanges from 320 marks per dollar in mid 1922 to 7,400 marks per US dollar by December 1922. This hyperinflation continued into 1923, and by November 1923, one US dollar was worth 4,210,500,000,000.
The government’s solution was to pay the workers by printing more paper currency. Money was being printed without any matching productive economic activity.
The British Empire increased the wealth and prestige of Britain from 1600. When the colonies became a drain on British resources, Britain grew weary of the struggle to maintain empire and withdrew...
Economic effects of the September 11 attacks. The September 11 attacks in 2001 were followed by initial shocks causing global stock markets to drop sharply. The attacks themselves resulted in approximately $40 billion in insurance losses, making it one of the largest insured events ever. [1]
Surviving the Aftermath is a city-building game developed by Iceflake Studios, which is now a division of the game's publisher, Paradox Interactive. Players build a city in a post-apocalyptic setting, which includes elements of survival games .
The German Army was limited to 100,000 soldiers, and the navy was limited to 15,000 sailors. As financial compensation for the war, the Allies also demanded large amounts of money known as ‘reparations’. The Treaty of Versailles was very unpopular in Germany and was viewed as extremely harsh.
