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.
Some countries often have issues due to a lot of factors. The problem made China reluctant to improve relations with the United States is American support for Taiwan.
<h3>The relationship between China and the United States </h3>
- The relationship between the China and the United States has been very difficult since 1949. due to China policy, the U.S. does not support de jure Taiwan independence.
But the United State did does support Taiwan's membership in the international organizations, such as the World Trade Organization, Asia-Pacific Economic Cooperation (APEC) forum, etc.
In 2018, when the relations between the U. S. and Taiwan was official. This has made China was slow to improve relations with the United States, as China does not see Taiwan independent.
Learn more about American support for Taiwan from
brainly.com/question/1370427
Answer:
The Mormons greatly benefited from this as they were find a place where they were free of religious persecution, Utah. In addition, larger slave owners' political power increased, newer landowners and homesteaders, hunters, trappers, and other people whose profession depended upon the land, and writers who had a whole new genre to draw from all benefited.
Explanation:
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no taxation without representation.
