Question

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

a) Led by Adolf Hitler; the US provided military aid.
b) Led by Winston Churchill; the US offered economic assistance.
c) Led by the Weimar Republic; the US introduced the Dawes Plan.
d) Led by Albert Einstein; the US sent medical supplies.

Answer 1

Hyperinflation in Germany (in 1923) was led by the Weimar Republic. The US helped ease the crisis by introducing the Dawes Plan and providing loans. The long-term effects were increased debt for Germany and interconnected economic relationships among countries involved.

Step-by-step explanation:

The hyperinflation in Germany in 1923 was led by the Weimar Republic. The Weimar government resorted to printing money to pay its bills, which resulted in the collapse of the German Mark as a currency.

The US helped ease the crisis by introducing the Dawes Plan in 1924. Through this plan, Germany's installment payments were lowered and foreign banks, including many in the US, loaned money to Germany to stabilize its economy.

The long-term effects of this help were that Germany was able to make its payments, but it also accumulated more debt. The US loans underwrote German reparation payments to Britain and France, which in turn used that money to pay back their debts to the US.