During World War II the Great Famine occurred. The allied powers blockaded Greece and many local citizens starved. This along with only ⅓ of Greece’s land being abled to be cultivated greatly hurt the Greek economy. The effects include the emergence of the Black Market, inflation in food prices, undernourishment in ⅔ of children and the death of around 60% of large farm animals.
The banking system collapsed in 1946. The war had taken a toll on them along with other factors such as the British naval blockade, hyperinflation, no consumer revenue. Furthermore, all of these were caused by several aspects such as citizens selling their homes and farms to feed themselves, no jobs available and famine due to unavailability of money and food.
Hyperinflation in Greece 