Podcast
Questions and Answers
What was the initial exchange rate between the US Dollar and German Marks in early 1921?
What was the initial exchange rate between the US Dollar and German Marks in early 1921?
- 1 US Dollar = 800 German Marks
- 1 US Dollar = 330 German Marks
- 1 US Dollar = 60 German Marks (correct)
- 1 US Dollar = 4,210,500,000,000 German Marks
What was the impact of the war on the value of the German currency?
What was the impact of the war on the value of the German currency?
- The value of the German currency doubled due to taxing citizens for the war.
- The value of the German currency increased due to borrowing money for the war.
- The value of the German currency dropped due to borrowing money for the war. (correct)
- The value of the German currency remained stable throughout the war.
How did the Germans make payments for the foreign currency they needed?
How did the Germans make payments for the foreign currency they needed?
- By printing more money (correct)
- By reducing their imports
- By borrowing from other countries
- By increasing domestic production
How did the value of a US Dollar change in comparison to the German Marks between 1914 and 1919?
How did the value of a US Dollar change in comparison to the German Marks between 1914 and 1919?
In November of 1923, how many Marks could one US Dollar buy?
In November of 1923, how many Marks could one US Dollar buy?
What term describes the situation where people need to spend more money to buy the same items?
What term describes the situation where people need to spend more money to buy the same items?
What factor contributed to the devaluation of the German Mark during the hyperinflation period?
What factor contributed to the devaluation of the German Mark during the hyperinflation period?
Why did Germany face inflation after World War I?
Why did Germany face inflation after World War I?
How did the introduction of the Retenmark differ from the old German Marks in terms of backing?
How did the introduction of the Retenmark differ from the old German Marks in terms of backing?
What did France demand as part of setting terms of surrender after World War I?
What did France demand as part of setting terms of surrender after World War I?
What positive impact did the introduction of the Retenmark have on the German economy?
What positive impact did the introduction of the Retenmark have on the German economy?
Why was Germany's situation worse after World War I?
Why was Germany's situation worse after World War I?
