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Hyperinflation in Germany (in 1923) was led by ____? The US helped to ease the crisis by what? Explain long term effects of the help.

User Short
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Final answer:

The hyperinflation in Germany in 1923 was led by the Weimar government's decision to print more money to pay striking workers, and the US helped to ease the crisis with the Dawes Plan. The long-term effects of the help can be seen in the connection between hyperinflation and Hitler's rise to power.

Step-by-step explanation:

The hyperinflation in Germany in 1923 was led by the Weimar government's decision to print more money to pay striking workers during the crisis. This decision undermined the value of the German Mark and led to a collapse in its currency. The US helped to ease the crisis by arranging the Dawes Plan in 1924, which lowered Germany's installment payments and stabilized its inflationary economy. However, this also meant that Germany had to take on more debt.

The long-term effects of the US help can be seen in the connections between hyperinflation and the rise of Adolf Hitler. The economic turmoil caused by hyperinflation and the Great Depression created social unrest and desperation among the German people. This desperation led many to look for easy solutions, and they turned to extremist political parties like the Nazis. The instability caused by the economic crisis ultimately contributed to Hitler's rise to power.

User Pek
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