The
German industrialists began to sabotage all the obligations to repay war debts.
They refused to pay taxes and moved capitals abroad. This led to a deficit in
the state budget that was covered by the issuance of unsecured marks causing
hyperinflation. In November 1922 the American dollar was worth 320 marks, a
year later in November 1923 it was worth 4,210,500,000,000 marks. The collapse
of the German currency caused considerable political instability, the
occupation of the Ruhr by foreign troops and the misery of the population.
The Vital Needs Theory - page 83