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.
Various motives prompt empires to seek to expand their rule over other countries or territories. These include economic, exploratory, ethnocentric, political, and religious motives. Economic: Imperial governments, and/or private companies under those governments, sought ways to maximize profits. Industrialization and competition with Europe for power were factors that contributed to the growth of European imperialism. The effects of these factors were that they were able to use weaker nations to meet their commercial needs and if they had many colonies they would be grow to be richer and powerful.
Answer:
President Lyndon B. Johnson’s Great Society was a sweeping set of social domestic policy programs initiated by President Lyndon B. Johnson during 1964 and 1965 focusing mainly on eliminating racial injustice and ending poverty in the United States.
Explanation:
The two lasting legacies of portugal's history would be :
- Many indigenous culture lost their land
- It showed that small country could make a big impact
hope this helps
Answer:
T
Explanation:
im not sure but this answer is from what i've been taught
