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How many rounds of QE did the weimar republic engage in?
I know that there were significant differences in the results of the weimar republic printing money - such as the way the treaty of Versaille inhibited growth and the fact inflation was already out of control after they unhooked from the gold standard - I don't need lectures on that.
HOW MANY TIMES DID THEY PRINT MONEY and how many % did they increase the amount of cash in circulation ?
1 Answer
- Warren TLv 78 years agoFavorite Answer
I don't know if you could call it QE or not. But when the Weimar Republic could not get the Allies to give them a break on the war damages they were required to pay and the Weimar Republic was in no position to run the country and pay those war damages at the same time. So they decided to just print whatever money they needed. They got away with it for about two years than those people who understand money realize that the German money was losing its value very fast and they started getting rid of their German money which let to hyperinfation. It lasted for several years until the United States came to Germany's aid