Was the Weimar Republic the most important cause of hyperinflation in Germany 1923

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Was the Weimar Republic the most important cause of hyperinflation in Germany 1923?

The Weimar Republic, while an important factor of hyperinflation in Germany 1923, was not the only one. Other factors caused this as well, as you will see.

        The Weimar Republic was Germany’s new democratic government. Many German people were unhappy with the new system, and preferred to be united under one strong leader. During World War I, the German government had a lot of bills to pay, and little money to do it with. So they printed more banknotes, which at first seems like an ideal solution. But this means the prices will rise, which leads to a demand for more wages, so production costs of items increase, so prices rise, more wages, and so on. This is called inflation, and a particularly bad case of it hit Germany called hyperinflation. After the war, the Weimar Republic ran up a lot more costs, so more banknotes were printed, which lead to hyperinflation, when the money was worth less than the paper it was printed on.

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        However, another factor was the Treaty of Versailles, and the reparations. In 1921, the reparations was fixed at £6600 million, to be paid over 42 years. This was obviously far too unrealistic, and imposed a lot of pressure on Germany. Most Germans saw this amount as completely unfair. These reparations also were a factor in the hyperinflation, since they encouraged the Weimar Republic to print more banknotes and raise prices. In 1922, Germany missed a payment, which lead to the invasion of the Ruhr.

        When Germany missed a reparations payment in 1922, France and Belgium decided to take direct action, ...

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