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What nation experienced extreme hyperinflation, or skyrocketing cost of goods, that contributed to the start of World War II? France Germany Britain Japan
Germany went through its worst inflation in 1923. In 1922, the highest denomination was 50,000 Mark. By 1923, the highest denomination was 100,000,000,000,000 Mark. [ In December 1923 the exchange rate was 4,200,000,000,000 Marks to 1 US dollar.[31] In 1923, the rate of inflation hit 3.25 × 106 percent per month (prices double every two days). Beginning on 20 November 1923, 1,000,000,000,000 old
Marks were exchanged for 1 Rentenmark so that 4.2 Rentenmarks were worth 1 US dollar, exactly the same rate the Mark had in 1914.[31] Find out more at: ]
Expert answered|3man7|Points 5|
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Asked 3/15/2013 8:45:51 AM
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What nation experienced extreme hyperinflation, or skyrocketing cost of goods, that contributed to the start of World War II?
Weegy: Hyperinflation occurs when a country experiences very high and usually accelerating inflation. [ [ While the real values of the specific economic items generally stay the same in terms of relatively stable foreign currencies, in hyperinflationary conditions the general price level within a specific economy increases rapidly as the functional or internal currency, as opposed to a foreign currency, loses its real value very quickly, normally at an accelerating rate.[1] Economists usually follow Cagan's description that hyperinflation occurs when the monthly inflation rate exceeds 50%.[2] ] Find out more at: ] (More)
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Asked 3/15/2013 8:45:19 AM
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