Answer:
Inflation
Explanation:
During the early 1920’s the Weimar Republic (German government from 1918 to 1933) was affected by Hyperinflation*, particularly in 1923. This happened because Germany had many debts they could not afford: a) the Reichstag (German parliament until 1918) funded the costs of WWI by borrowing money, which they could not repay after the War, as Germany was defeated by the Allies and could not annex the rich territories they tried to occupy; b) after the Great War the debt was increased as the Allies imposed very large reparation sums to be paid by Germany (Treaty of Versailles and London Payment Plan).
With the London Payment Plan, Germany had to repay the money in gold or foreign currency in annual installments. When they started the repayments in gold marks, during the summer of 1921, the paper mark started to lose value because after the repayment they started to buy foreign currency at any rate, which started to depreciate the paper mark. This caused that by 1922 Germany was not able to buy foreign currency or gold in paper marks, so they had to start exchanging them for goods; and so, they were not able to make the repayments. Then, in 1923, to ensure Germany paid the reparations agreed France and Belgium occupied the Ruhr valley, which prompted workers to go on a strike. This meant that there was no income from production. So Germany had to print more paper marks to pay for salaries, which inundated the market with paper marks, devaluating the currency and creating a hyperinflation. By November 1923 a USD was equivalent to 4,210,500,000,000 marks.
<u>* Hyperinflation</u>: when inflation is very high and happens in a very short time. As the general price of goods and services increases, the real value of the currency highly decreases. The purchasing power of the currency decreases. This means that, for example, with one dollar you can buy less things than before inflation. Therefore, people cannot buy essentials as their prices become exorbitant.
Answer:
When OPEC was formed in 1960, its main goal was to prevent its concessionaires—the world's largest oil producers, refiners, and marketers—from lowering the price of oil, which they had always specified, or “posted.” OPEC members sought to gain greater control over oil prices by coordinating their production and export
<h2>HOPE ITS HELP</h2><h2>#<em>B</em><em>R</em><em>A</em><em>I</em><em>N</em><em>L</em><em>E</em><em>S</em><em>T</em></h2>
Answer:
B
Explanation: I just learned about this
Hope this helps! :)
Answer:
How were the Jews of Eastern and Western Europe different?
Compared with Western Europeans, fewer Central and Eastern Europeans would welcome Muslims or Jews into their families or neighborhoods, extend the right of marriage to gay or lesbian couples or broaden the definition of national identity to include people born outside their country.
What two European countries had the largest Jewish population just before World War II? In 1933, approximately 9.5 million Jews lived in Europe, comprising 1.7% of the total European population. This number represented more than 60 percent of the world's Jewish population at that time, estimated at 15.3 million.
Hope this helps :)
The answer for your question is the 3rd answer
