Current location - Music Encyclopedia - Chinese History - Faced with the crazy devaluation of Mark in World War II, what solution did Jack come up with?
Faced with the crazy devaluation of Mark in World War II, what solution did Jack come up with?
After World War II, the mark depreciated sharply, and the original upper class in Germany became poor ordinary people. In response to this phenomenon, the government has made adjustments. The government issued a new currency "Deutsche Mark", and the exchange rate of the new mark was 1 USD =3.33 Deutsche Mark. In this way, the trade volume will also increase. The problem of currency devaluation will be alleviated a lot.

After the end of World War II, Germany, as a defeated country, had to pay reparations to the victorious country, but the government's funds were limited, so it could not pay so much reparations. Later, the government came up with a way to increase the printing of coins and print out the compensation. At that time, the circulation of German currency increased by 8.5 times. This solves the problem of government compensation.

However, what the government doesn't realize is that increasing the printing quantity of coins in this way will lead to "worthless money", that is, inflation. So that for a long time, most people in Germany lived a life that was worse than death. The exchange rate at that time was 1 USD =136,000 Deutsche Mark. In such a social environment, people with dollars go to Germany to "rob" and get a piece of bread for many works of art. At that time, the sky-high art was not comparable to a piece of bread. Due to the government's decision, German culture has lost a lot and it is difficult to make up for it.

As a result of this incident, German prejudice against Jews turned into hatred. After the Germans' wealth was almost plundered by people from other countries, the German currency mark gradually stabilized. Around the 1970s, the mark became the main currency in Europe.