'The economic policies of German governments in the years 1919-22 successfully managed the transition from wartime to peacetime conditions' Explain why you agree / disagree with this view.

4. Increase in prices

- Doubled between 1918-1919 and quadrupled between 1919-1920. - People in poverty as they were unable to afford basic commodities.

5. Inflation

- German industrialists benefited from it, taking short term loans from the bank to expand their businesses. - By time loans needed repaying, the real value had been reduced by inflation. - Was left unchecked and inflation became uncontrollable.

1. Printing more money

- Grow in government debt. - Value of the currency fell. - Strategy based on a flawed calculation that Germany would win the war. - Imposed a burden of reparations and loss of industrial areas.

3. Increased borrowing

- More debt owed to foreign countries. - Increase in inflation. - Could have raised taxes or reduce spending.

2. Disappearance of unemployment

- Shows transition from wartime to peacetime conditions - Less unemployment than Britain, 1.8% in Germany, 17% in Britain. - Increased production in industry and agriculture.

Overall judgement

The governments decisions to deal with the economic problems in the aftermath of war did not successfully manage the transition to peacetime conditions because they lead to the hyperinflation crisis and invasion of the Ruhr.