Which country ended hyperinflation in the 1920s largely due to US loans?

• A. Germany
• B. Venezuela
• C. Brazil
• D. Zimbabwe

Answer: (A)

Germany. In the early 1920s Germany faced catastrophic hyperinflation as the Weimar government printed money to pay war costs and reparations. The turning point came with monetary reform and international support. A new currency, the Rentenmark (and later the Reichsmark), helped restore confidence, and the Dawes Plan of 1924 brought large loans from the United States to back the stabilization and restructure reparations. This external financing allowed Germany to stabilize prices, restore financial credibility, and pave the way for recovery through the rest of the decade. The other countries listed did not experience this specific postwar stabilization path in the 1920s.