Write a short note on the Spartacist League.

Germany had to pay war reparation after its defeat in the First World War. But Germany refused to pay the reparation and France occupied Ruhr to claim Germany's coal. In retaliation Germany printed paper currency recklessly. As a result, the value of German mark collapsed and prices of goods soared. In December 1923, 1 US dollar was equal to 98, 860, 000 marks. People had to carry a cart load of currency to buy a loaf of bread. This crisis is known as hyperinflation.