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.
a and b I think if I’m wrong then sorry!! Good luck
Answer:
3 things that you must remember!
Explanation:
There are three things to look at:
- The treaty had harsh terms it imposed on Germany.
- This helped foster the rise of Nazism in the 1920's.
- It created a political blueprint for World War II.
If you remember these things you will ace any test about the Versailles Treaty Change. Also, this treaty was also known as: A World Forever Changed.
Answer:
In ancient times and during medieval times there was a transformation in the teaching methodology at the first European universities. Teaching efforts were made to train people who pretended to be part of the clergy in the seven liberal arts.
These seven arts were divided into two groups: the<em> "trivium"</em>, which included grammar, dialectics and rhetoric, and the <em>"quadrivium"</em>.
<em>Quadrivium </em>(means “Four paths”). In This area music, arithmetic, geometry and astronomy were integrated.
- Arithmetic: study of numbers.
- Geometry: study of space.
- Astronomy: study of the stars or the space in movement
- Music: study of the songs and mathematics in movement.
He was an industrialist and philanthropist. He got his fortune in the steel industry by creating the Carnegie Steel Company and he revolutionized the way steel is produced in the U.S.
