In an effort to pay these fees, the German Central Bank began printing enormous amounts of money. The more marks that got printed, the less those marks became worth. Suddenly, in November 1923, 726 billion marks were equal to 1 US dollar. There were shortages of food and people were resorting to violence among other measures to get even the most basic necessities. Personal savings became inutile as numerous banks all across the country were forced to shut down. Prices of goods were skyrocketing but wages were not able to keep up the pace. At a time of such extreme hardships for many, support among extremist groups also began to rise. Government officials in Germany began looking to find someone to blame all of Germany's problems
In an effort to pay these fees, the German Central Bank began printing enormous amounts of money. The more marks that got printed, the less those marks became worth. Suddenly, in November 1923, 726 billion marks were equal to 1 US dollar. There were shortages of food and people were resorting to violence among other measures to get even the most basic necessities. Personal savings became inutile as numerous banks all across the country were forced to shut down. Prices of goods were skyrocketing but wages were not able to keep up the pace. At a time of such extreme hardships for many, support among extremist groups also began to rise. Government officials in Germany began looking to find someone to blame all of Germany's problems