Interpretation A: from the memoirs of a woman whose father was a retired civil servant in Hamburg, published in 1955. (Written for practice.)
My father had worked for the state for forty years and had put his savings into war loans and a bank account, as every respectable man did. By the autumn of 1923 those savings would not buy a postage stamp, and his pension was worth nothing by the time he had walked to the shops. My mother sold our furniture and her wedding silver, piece by piece, for food. People like us had done everything right and lost everything. My father never trusted the republic again.
Interpretation B: from an interview with the son of a Bavarian farmer, recorded in 1975. (Written for practice.)
For us the inflation was not such a bad time. People from the towns came out to the farm with clocks, pianos and fur coats to swap for eggs and potatoes, because money was useless and food was what everyone needed. My father had borrowed money to buy more land a few years before, and in 1923 he paid off the whole debt with a bundle of notes that was worth almost nothing. It depended who you were: if you owned things, you survived; if you had only money, you were finished.
Which interpretation gives the more convincing opinion about the effects of hyperinflation on the German people in 1923? Explain your answer based on your contextual knowledge and what it says in Interpretations A and B.
Model answer
Interpretation A is convincing about the experience of the middle classes. Prices rose at an incredible rate: a loaf of bread in Berlin cost 163 marks in 1922 but about 201 billion marks in November 1923. Anyone whose wealth was in savings or war loans saw it disappear, and pensioners such as A's father, living on fixed incomes, could no longer afford food. Many middle-class families sold their furniture, jewellery and other possessions to survive. A is also convincing about the political effects: many middle-class Germans blamed the republic for their ruin and never trusted it again, and some later turned to extremist parties. However, A only describes one group.
Interpretation B is convincing because it shows that hyperinflation did not affect everyone in the same way. Borrowers, including many farmers and home owners, paid off their debts and mortgages with almost worthless notes. Farmers had food, which kept its value, so townspeople bartered clocks and furniture for eggs and potatoes. Some businessmen did even better: Hugo Stinnes borrowed huge sums to buy up companies and repaid the loans in worthless marks. However, B's family were lucky. Workers suffered as wages failed to keep up with prices, unemployment rose in late 1923, and people in the towns went hungry.
Overall, B is more convincing as a view of the effects of hyperinflation on the German people as a whole, because it recognises that the effects depended on who you were - whether you held money or owned goods, land or debts. A is accurate for the middle classes and pensioners, and their bitterness had serious political consequences, but it presents one group's experience rather than the whole picture.
Explanation
Both interpretations are accurate for the people they describe, so a Level 4 judgement must be based on how far each represents the German people as a whole, tested with specific evidence about winners and losers. Either interpretation can be judged more convincing if the judgement is sustained and supported.