1. What was unusual about a worker's salary in Germany in the early 1920s?
*2. In 1923, why did workers get extra time to go food shopping?
*3. In 1923, why did workers get paid twice a day?
4. What did Karl Hoffman do with his morning's salary? rising exery hou and for them meny
5. What did he do with his afternoon's salary? Why?
6. What happened to the price of food in that one day?
7. Look at the chart on page 179. How much was a German mark worth compared to the U.S. dollar in July 1914? How much was a German mark worth in November 1923?
8. How much did a postage stamp cost in the United States in 1926? How much does it cost today?
9. How is runaway inflation different from normal inflation?
*10. What country has high inflation now? What is its rate of inflation?
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Ответы
Ответ:
1. In the early 1920s, the worker's salary in Germany was affected by hyperinflation, making it unusual as the value of the currency rapidly decreased.
2. In 1923, workers got extra time for food shopping because hyperinflation was so severe that prices were rising rapidly, and it took more time to spend the money before its value further diminished.
3. In 1923, workers were paid twice a day due to hyperinflation. Daily inflation rates were extremely high, and receiving payment twice helped workers cope with the rapidly changing prices.
4. Karl Hoffman likely spent his morning's salary quickly, fearing its devaluation due to hyperinflation.
5. He probably spent his afternoon's salary as well to avoid losing value, as hyperinflation was causing prices to rise rapidly.
6. In that one day, the price of food soared due to hyperinflation, contributing to the urgency for people to spend their money quickly.
7. In July 1914, a German mark was worth about 4 U.S. cents. In November 1923, during hyperinflation, the value of the German mark had dramatically plummeted.
8. The cost of a postage stamp in the United States in 1926 was likely a few cents. Today, the cost varies, but as of my last knowledge update in January 2022, it's around 58 cents.
9. Runaway inflation is a severe form of inflation where prices rise uncontrollably, leading to a rapid decline in the real value of a currency. Normal inflation is a more moderate, controlled increase in prices.
10. As of my last knowledge update in January 2022, Venezuela has been experiencing high inflation. However, for the most current information on inflation rates, you may need to check the latest economic data or news sources.