Learning Objectives:• To understand what hyperinflation is• To analysis the causes and consequences of hyperinflation

in 1923 Weimar Republic• How Hyperinflation affected different people within Germany

Hyperinflation

Starter:

Define what the term hyperinflation means and which country has recently experienced this?

HyperinflationLO: To understand what hyperinflation is

HyperinflationLO: To understand what hyperinflation is

You must then go to the shop (classroom) to purchase a marker pen and some chocolates before the prices go up. At the moment the cost for both is 12 Marks

Mission:You are a worker at a factory. The bell for lunch has just rung. You must run to the bank to withdraw your money that has just been deposited.

Minutes transpired

Cost of Marker Pen

and Chocolates

0 12 0.5 134,444.4 1 268,888.8

1.5 403,333.2 2 537,777.6

2.5 672,222.0 3 806,666.4

3.5 941,110.8 4 1,075,555.2

4.5 1,209,999.6 5 1,344,444.0

5.5 1,478,888.4 6 1,613,332.8

6.5 1,747,777.2 7 1,882,221.6

7.5 2,016,666.0 8 2,151,110.4

8.5 2,285,554.8 9 2,419,999.2

9.5 2,554,443.6 10 2,688,888.0

You are the shopkeepers, you must get the shoppers into your shop when they

arrive with the pay.

Keep a track of the time and when they arrive use the table opposite as your

pricing for the items.

As a shopkeeper you can decide the cost of each, one may be more expensive

than then other. You do NOT give change!

Barter with shoppers if they don’t have enough money, and do not hand over

the chocolates unless they are satisfied with the value of the goods offered. For example, if they want the chocolates; let’s have your pen, coat, bag, trainers

etc…

HyperinflationLO: To understand what hyperinflation is

July 1914 £1 = 20 marks

January 1919 £1 = 35 marks

January 1920 £1 = 256 marks

January 1921 £1 = 256 marks

January1922 £1 = 764 marks

January 1923 £1 = 71,888 marks

September 1923 £1 = 1,413,648 marks

October 1923 £1 = 3,954,408,000,000 marks

November 1923 £1 = 1,680,800,000,000,000 marks

The result was that German money became completely worthless: by August 1923 prices were rising by 400% every day.. 

HyperinflationLO: To understand what hyperinflation is

HyperinflationLO: analysis the causes and consequences of hyperinflation

Causes

Event

Consequences

HyperinflationLO: analysis the causes and consequences of hyperinflation

Homework:In groups of three you will be give a source related to the 1923 Hyperinflation.

You must act out this source next lesson and provide a brief interpretation to the class has to what is happening and why?

Remember be exciting, energetic and use props!!!

HyperinflationLO: analysis the causes and consequences of hyperinflation Rank the groups of people by how negatively impacted they were due to hyperinflation? State a reason for each groups position.

• Factory Worker• Middle class person relying

on bank savings• Farmer• Wealthy landowner• Upper-class business who

was in great debt before hyperinflation

• Pensioner

HyperinflationLO: analysis the causes and consequences of hyperinflation

RECAP:Why did French troops invade the Ruhr in 1923?

How did the German people feels about the French invasion?

How did the Weimar government respond?

What problems did this cause?

HyperinflationLO: analysis the causes and consequences of hyperinflation

RECAP:Draw a Mind Map outlining the problems that the Weimar Republic faced from 1919 to 1923

Link the problems where you can and state how they are connected.

Problems of the Weimar republic

The Recovery Years

Homework:Read pages 26 & 27.

In groups of three create a table that reviews what has and has not been solved in relation to the below for Germany after 1924

1. Relations with other countries

2. Politics3. The economy