Hyperinflation in the Weimar Republic - An American woman is seen exchanging one dollar for a large stack of German paper marks - -- Hyperinflation affected the German Papiermark (paper mark), their standard currency. Between 1921 and 1923, and especially in in 1923 devaluation caused chaos politically and was responsible for the occupation of the Ruhr by France and Belgium. It also caused distress and misery for the local November 1923, the US dollar was worth 4,210,500,000,000 German marks and a loaf of bread cost 200,000,000,000 Marks

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