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Aliun [14]
3 years ago
8

One of the most important twentieth-century developments for the family has been

History
1 answer:
pshichka [43]3 years ago
6 0

opppppppppppppppppppppppkkkkkkkkkhnhhhbbbbbbbbbbbbbbits tht sleee

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By the mid-1920s, German money was worthless chiefly because of
STatiana [176]

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.

4 0
3 years ago
Which of the following was a Robert La Follette reform that changed the way candidates were chosen in an election? the Eighteent
olganol [36]

tchelle Ambitious

Robert M. La Follette Sr. is actually a former member of the U.S Senate. And according to him, the three groups of people that should help politicians draft laws would be retired politicians, labor leaders, and university professors. Why these three? Retired politicians already possessed the expertise in drafting laws after years of service. Labor leaders include those people who are exposed in the labor services and therefore, they know which one should be good and not and what other laws can be applied in the labor sector. Lastly, the university professors. These professors are already very knowledgeable in terms of laws and they understand the full context of the laws. Hope this answer helps.

Read more on Brainly.com - brainly.com/question/4049427#readmore

4 0
3 years ago
Read 2 more answers
Why do you think some Israelites (Jews) decided to stay in Babylon?​
IgorC [24]

Answer:

In the Hebrew Bible, the captivity in Babylon is presented as a punishment for idolatry and disobedience to Yahweh in a similar way to the presentation of Israelite slavery in Egypt followed by deliverance.

5 0
2 years ago
How did World War I impact German Texans?
stira [4]
The war affected the German-Texans who compromised to five percent of Texa’s population. As the war went on, the German clubs had to closed due to the war and bad things came along after that for them. They suffered beatings, whooping, and criticism. Some of the German-Texans were even murder because of this same reason, the criticism.
7 0
2 years ago
Hammurabi is best rememberd for this
schepotkina [342]
He was known for his code of laws called Code of Hamurabbi.
6 0
3 years ago
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