🚨CORRECTIONS 🚨: ✔︎ None so far! :) Spotted a mistake in the video? If you think you’ve spotted a mistake, leave a polite comment saying what you think is wrong and linking a legitimate source. I’ll check and if you’re right then I’ll add the correction to this pinned comment. :) ✘ I do not engage with corrections comments which are written rudely ✘ If you leave an essay full of corrections, I won’t check it because I have other, better things to do
Although accurate, not representative of the truth. They weren't failing factories, they were stolen factories, France took them for reparations. The debt was unserviceable, but it was unsurfacable because it was saddled on Germany after world war I for reparations in an amount that could never be paid and Germany, France, Britain and Poland new full well they couldn't pay it. Context is important
It says in the vid (1:13) 1923 loaf of bread costs 200 billion marks but in the Pearson edexcel textbook it says 200,000 billion marks. *edit - just searched it up and the textbook is wrong.
Re mistake in video - it is 100% wrong! Inflation is a consequence of money printing and NOT the other way around. Print twice as much money and it is only worth half as much etc.
I've been here since GCSEs, but even at in final year of A-Levels these videos are super helpful for summarising everything. Thanks for making these! :)
Hyperinflation is sort of a trap governments fall into. Basically what happens is if you don't have access to credit and you're out of money, but you still need to keep everything running, you start issuing new currency because it's the only way to pay for anything. But as your currency is devalued you have less access to credit, and you need to issue more currency because the prices of things your government is buying is increasing, and you end up in this death spiral with very little way out.
No. They knew what was happened but they had to do it, they werent stupid or "fell into a trap" they simply had to print more money in order to pay the reperations, which if they wouldnt have paid them they would have faced massive consequences.
Treaty of Versaille was unusually cruel to Germany. There was actually a clause called "the guilt clause" blaming Germany solely for the war and assessing war reparations upwards of 31 Billion dollars. The equivalent today is around 200 trillion. Took over 90 years to pay off.
Thank you so much! I have to write a letter of complaint to the Weimar Republic for history and its due tomorrow, so you just saved me so much time by putting so many useful things inside this video!
A long , long time ago’s videos are easy to understand which are some good materials for me to revise and remember those accidents,Thank you rlly much:)
As a history fan, I was just searching for videos about the Weimar Republic and found this one. The art style is really nice! And nice video and explanations overall. XD +1 like and sub
I would say a large number of workers lost faith in the government. Which in turn made them more susceptible to extreme ideology. And the middle class which saw this change in the workers feared revolution, so they turned too extreme ideology as well. So in other words in began a domino effect which ended in the Nazis taking power. Though of course there were many other reasons as well.
I don't actually believe there was ever much confidence in the Weimar. As it was a puppet state. Under the control of the league of nations. In order to force Germany to pay it's very large and embarrassing war indemnity. And Russian socialist had infiltrated this government from the start. Inflation in my opinion was not the soul the reason for it's collapse. But with the government being squeezed from so many outside forces. Really gave it no other choice, than to print money like it was going out of style. And America, and Woodrow Wilson's, "League of Nation's" could escape blame. And it did just that! Sad but true. And I'm American all the way. Thru & thru! But Germany was punished to such a degree. It's collapse was inevitable. What nobody understood though. Is that Germany's people wanted to remain German. And a certain somebody came into the picture. Promising just that. And by no means does this excuse Germany's actions. But no attention is paid to all these other factors. And a large part of Europe begged the League, not to do what it did. Germany was war weary. After the first world war. And Hitler was a symptom of this.
I don’t think it’s fully correct to say that inflation is when prices go up. You can have a shortage in a certain good causing prices to rise without having an inflation. I think it’s more accurate to say that inflation is an increase in the total supply of currency.
Re mistake in video - it is 100% wrong! Inflation is a consequence of money printing and NOT the other way around. Print twice as much money and it is only worth half as much etc.
Yup, I occasionally do that to old videos- either I have made a new version of the video/covered it in a better way (some of my older videos have some copyright issues, or as is the case for that one I'm not happy with the quality of the video - I don't feel like that video was well enough researched or dealt with the issues involved properly
Hi i really like your videos, are very well syntethized , how do you make them? Do you draw or do you use a program like toom boom? Im asking this because i want to do something similar to explain “what a currency board is”.. thanks!
Pleased you like the videos! I draw all the characters and pictures (that aren't photographs) myself and then use final cut x and motion 5 to do the animation.
I just found this video and thought I may as well add my two cents (or two 1923's German Marks) worth to the discussion. 😆 The value of paper money depends upon a promise to pay, given by the government which prints the money. The value of the money must be backed up by something with actual value, otherwise confidence in the paper money will drop, in turn dropping its value. As an over-the-top but still accurate illustration, imagine firstly that the entire paper currency of a nation is represented by a single German Mark. Imagine also that its value is backed up by the government owning a single loaf of bread. What happens if the government prints 9 more German Marks without increasing the number of loaves of bread they own to back up the value of the notes? Fairly obviously, each German Mark is now worth only one-tenth of a loaf of bread. It's a bit like simply cutting a pie into more and more slices. You don't get more pie. Instead, you just get smaller slices so that you need more of them to get even a single mouthful. And that, in a nutshell, is why simply printing more money reduces the value of money as a whole.
"When prices rise, this is known as inflation." 👈 Wrong. That is known as a *symptom* of inflation. Inflation is literally *inflating* or increasing the supply of money, ie, printing more fiat currency.
False. Inflation= increase in the monetary supply. And the cause of price inflation isn't a shortage of goods, it's the devaluation of the currency, which changes consumption behavior.
Hyperinflation was good! Everyone has it wrong! During that time people were happy, everyone had work and all of that while the rest of the world was experiencing the worst crisis in history. This is the biggest history misconception of all time and it is screwing us all.
Hi, i think you forgot the main reason the hyperinflation started, and it was because the french invaded the Ruhr because they were upset that Germany was no longer able to pay repartions so the government told the workers in the Ruhr to not listen to the French and they printed money to pay the workers but the more money they printed, the more value it lost. Have a wonderful day/night! :D
🚨CORRECTIONS 🚨:
✔︎ None so far! :)
Spotted a mistake in the video?
If you think you’ve spotted a mistake, leave a polite comment saying what you think is wrong and linking a legitimate source. I’ll check and if you’re right then I’ll add the correction to this pinned comment. :)
✘ I do not engage with corrections comments which are written rudely
✘ If you leave an essay full of corrections, I won’t check it because I have other, better things to do
ur mum
Inflation is the expansion of the money supply. Not the increase in prices.
Although accurate, not representative of the truth. They weren't failing factories, they were stolen factories, France took them for reparations. The debt was unserviceable, but it was unsurfacable because it was saddled on Germany after world war I for reparations in an amount that could never be paid and Germany, France, Britain and Poland new full well they couldn't pay it. Context is important
It says in the vid (1:13) 1923 loaf of bread costs 200 billion marks but in the Pearson edexcel textbook it says 200,000 billion marks.
*edit - just searched it up and the textbook is wrong.
Re mistake in video - it is 100% wrong! Inflation is a consequence of money printing and NOT the other way around. Print twice as much money and it is only worth half as much etc.
I've been here since GCSEs, but even at in final year of A-Levels these videos are super helpful for summarising everything. Thanks for making these! :)
I got a 9 in my GCSE History, and thank you so much, your videos really helped me all through last year.
Did the Weimar Republic think they found a real life infinite money glitch? The scale of the hyperinflation seems so ridiculous. Awesome video!
seems like it lol
Venezuela also went through hyperinflation in 2017
Hyperinflation is sort of a trap governments fall into. Basically what happens is if you don't have access to credit and you're out of money, but you still need to keep everything running, you start issuing new currency because it's the only way to pay for anything. But as your currency is devalued you have less access to credit, and you need to issue more currency because the prices of things your government is buying is increasing, and you end up in this death spiral with very little way out.
No. They knew what was happened but they had to do it, they werent stupid or "fell into a trap" they simply had to print more money in order to pay the reperations, which if they wouldnt have paid them they would have faced massive consequences.
Treaty of Versaille was unusually cruel to Germany. There was actually a clause called "the guilt clause" blaming Germany solely for the war and assessing war reparations upwards of 31 Billion dollars. The equivalent today is around 200 trillion.
Took over 90 years to pay off.
Thanks so much for this video. I finally understood this topic. I have gcse this year. Your a big help!!!
Gurl, UR VOICE IS AMAZING 😭😭😭
(is it just me or voices when u have a cold sound so good-)
Why thank you 😊😂
Thank you so much! I have to write a letter of complaint to the Weimar Republic for history and its due tomorrow, so you just saved me so much time by putting so many useful things inside this video!
Love your videos!! So helpful, fast and effective🤝
Honestly your videos make revising so much easier and interesting thank you
Glad to hear from you again
I aced my january mocks on the Weimar republic thanks to your help. Fantastic content :)
What we like to hear! Congrats and thank you!! :)
Brilliant video. Please keep them coming.
Thank you :)
A long , long time ago’s videos are easy to understand which are some good materials for me to revise and remember those accidents,Thank you rlly much:)
thank you your history videos are so helpful, thanks to you I got a 9 in my mock!
As a history fan, I was just searching for videos about the Weimar Republic and found this one. The art style is really nice! And nice video and explanations overall. XD
+1 like and sub
Why thank you! Pleased you like the channel :)
How much do you think hyperinflation set back public confidence in the Weimar Republic? Share your opinion and why :)
I would say a large number of workers lost faith in the government. Which in turn made them more susceptible to extreme ideology. And the middle class which saw this change in the workers feared revolution, so they turned too extreme ideology as well. So in other words in began a domino effect which ended in the Nazis taking power. Though of course there were many other reasons as well.
I don't actually believe there was ever much confidence in the Weimar. As it was a puppet state. Under the control of the league of nations. In order to force Germany to pay it's very large and embarrassing war indemnity. And Russian socialist had infiltrated this government from the start. Inflation in my opinion was not the soul the reason for it's collapse. But with the government being squeezed from so many outside forces. Really gave it no other choice, than to print money like it was going out of style. And America, and Woodrow Wilson's, "League of Nation's" could escape blame. And it did just that! Sad but true. And I'm American all the way. Thru & thru! But Germany was punished to such a degree. It's collapse was inevitable. What nobody understood though. Is that Germany's people wanted to remain German. And a certain somebody came into the picture. Promising just that. And by no means does this excuse Germany's actions. But no attention is paid to all these other factors. And a large part of Europe begged the League, not to do what it did. Germany was war weary. After the first world war. And Hitler was a symptom of this.
wow those revision notes are kind of bonkers, thank you
100 years loop begun for globe i think. Thank you for your effective effort.
When a central bank increase the currency supply this is an inflation. Price rises are symptoms of inflation.
I don’t think it’s fully correct to say that inflation is when prices go up. You can have a shortage in a certain good causing prices to rise without having an inflation. I think it’s more accurate to say that inflation is an increase in the total supply of currency.
i'm very grateful of u like i genuinely love u tyyyyy
Re mistake in video - it is 100% wrong! Inflation is a consequence of money printing and NOT the other way around. Print twice as much money and it is only worth half as much etc.
Yeah! Another new video.
Very well done.
Thank you so much. Your videos are very helpful! If you have the time, may you make a video on GCSE source questions?
It'll probably be the next exam question video I do when I get round to it :)
can you make a playlist for conflict andtension and medicine
could you do a video on how to answer a source question for history exams
I found these in school but like watching them anyway
Ahh thank you for uploading this! My history mock for Weimar Germany is on Wednesday and your vids help immensely!!
Good luck with your mock!!
Hey did you delete any of videos? I remember I watched a video of British india on your channel.
Yup, I occasionally do that to old videos- either I have made a new version of the video/covered it in a better way (some of my older videos have some copyright issues, or as is the case for that one I'm not happy with the quality of the video - I don't feel like that video was well enough researched or dealt with the issues involved properly
Hi i really like your videos, are very well syntethized , how do you make them? Do you draw or do you use a program like toom boom? Im asking this because i want to do something similar to explain “what a currency board is”.. thanks!
Pleased you like the videos! I draw all the characters and pictures (that aren't photographs) myself and then use final cut x and motion 5 to do the animation.
when will u finish the series? exams arent far off
After this years exams unfortunately because with uni there's no way I'll find time before then :(
By any chance were you taught history by Mr Holden for GCSE's?
There was no Mr Holden at my school :( how come?
2:37 I HATE when youtubers say that they will link something and they don't.
I hate to break it to you but the link is there in the corner where I said
thanks
I just found this video and thought I may as well add my two cents (or two 1923's German Marks) worth to the discussion. 😆
The value of paper money depends upon a promise to pay, given by the government which prints the money. The value of the money must be backed up by something with actual value, otherwise confidence in the paper money will drop, in turn dropping its value.
As an over-the-top but still accurate illustration, imagine firstly that the entire paper currency of a nation is represented by a single German Mark. Imagine also that its value is backed up by the government owning a single loaf of bread. What happens if the government prints 9 more German Marks without increasing the number of loaves of bread they own to back up the value of the notes? Fairly obviously, each German Mark is now worth only one-tenth of a loaf of bread.
It's a bit like simply cutting a pie into more and more slices. You don't get more pie. Instead, you just get smaller slices so that you need more of them to get even a single mouthful.
And that, in a nutshell, is why simply printing more money reduces the value of money as a whole.
you are a legand!!
Thank you :))
What did you take in uni
this gonna come as a shock to you but... history!
That's normal university take a lot of time and if you have to work on the side side project are just close to impossible
that sounds about right!
Are you planning to do A level videos? I'm going into A level history next year :)
I was but I realised I can't even keep pace with the GCSE videos so realistically, it's probably not going to happen unfortunately :(
Ooh man europe 2022 ecb is still printing money its just too damm funny to see everyone panic 😂😂😂
Best...💋⚘🤦♂️ LOVE U FROM INDIA...❤
"When prices rise, this is known as inflation." 👈 Wrong. That is known as a *symptom* of inflation. Inflation is literally *inflating* or increasing the supply of money, ie, printing more fiat currency.
Not my history teacher sending me these for classwork
not your history teacher having excellent taste in youtube videos 😂
@@Alonglongtimeago She did. And I come back every now and again to check if there is any new videos now
gonna ace my exam now
False. Inflation= increase in the monetary supply. And the cause of price inflation isn't a shortage of goods, it's the devaluation of the currency, which changes consumption behavior.
my guy you are watching a history video aimed at 13-16 year olds. stuff gets simplified
@@Alonglongtimeago oo lol, I sub'd to a lot of history channels a while back, I didn't realize this 1 was just for kids ✌
That does not sound like life was impossible. Juts that the money was cumbersome. Now it would simply be an app
We watched this at school
Hyperinflation was good! Everyone has it wrong! During that time people were happy, everyone had work and all of that while the rest of the world was experiencing the worst crisis in history. This is the biggest history misconception of all time and it is screwing us all.
i wish i did history lol, but i did geography because you don’t have to write much
Hi, i think you forgot the main reason the hyperinflation started, and it was because the french invaded the Ruhr because they were upset that Germany was no longer able to pay repartions so the government told the workers in the Ruhr to not listen to the French and they printed money to pay the workers but the more money they printed, the more value it lost.
Have a wonderful day/night! :D
*everyone is a millionaire* says Germany in dat time. 1923 ;x;
I wounder why there are so few girls in history channels. Almost all of the channels have only boys.
Argentina 2023
:)
100 years later we are now going through the same thing.
Lmao
Don’t be over dramatic, its not like prices rise while you’re in line for coffee
@ottomanpodcast really though. I saw a similar comment on another video. Fear mongering will always exist sadly.
@@ottomanpodcast Doesn't mean we should ignore the fact that it's still inflating
@@justyce_ytA low amount of inflation is desired by economists.