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Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
When Money Dies: The Nightmare of Deficit Spending, Devaluation, and Hyperinflation in Weimar Germany

When Money Dies: The Nightmare of Deficit Spending, Devaluation, and Hyperinflation in Weimar Germany

Paperback

EconomicsInvesting & FinanceGerman History

Publisher Price: $18.99

ISBN10: 1586489941
ISBN13: 9781586489946
Publisher: Publicaffairs
Published: Oct 12 2010
Pages: 288
Weight: 0.65
Height: 0.90 Width: 5.40 Depth: 8.20
Language: English
When Money Dies is the classic history of what happens when a nation's currency depreciates beyond recovery.

In 1923, with its currency effectively worthless (the exchange rate in December of that year was one dollar to 4,200,000,000,000 marks), the German republic was all but reduced to a barter economy. Expensive cigars, artworks, and jewels were routinely exchanged for staples such as bread; a cinema ticket could be bought for a lump of coal; and a bottle of paraffin for a silk shirt. People watched helplessly as their life savings disappeared and their loved ones starved. Germany's finances descended into chaos, with severe social unrest in its wake.

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