Definition
Hyperinflation started in 1923 due to various factors, especially the Ruhr Crisis of 1923. The Ruhr Crisis was when the French blockaded the Ruhr in Germany. The Ruhr was an essential location to the Germany economy. When it was blocked, the economy of Germany came to a halt and the overprinting of money caused hyperinflation to occur.

Significance
Hyperinflation was significant because it caused horrible conditions for the citizens of Germany and therefore allowed other parties (such as the Nazi party) to emerge as an alternative for the German government. People were paying absurd prices for basic items such as bread and struggling to survive. Meanwhile, the Nazis promised prosperity and better conditions. Therefore, the hyperinflation and unfavorable conditions gave the Nazis and other parties an opportunity to emerge and gain supporters.