After World War I, Germany experienced a severe economic crisis characterized by hyperinflation and widespread unemployment. The country struggled to rebuild its economy due to war reparations, leading to social and political instability.
Related terms
Treaty of Versailles: A peace treaty signed after World War I that imposed heavy reparations on Germany, contributing to its economic difficulties.
Hyperinflation: A situation where prices rise rapidly and the value of money decreases sharply, causing significant economic instability.
Weimar Republic: The democratic government established in Germany after World War I, which faced numerous economic challenges and ultimately collapsed.