Now That’s What I Call Inflation

Germany was not the only country stoking up inflation in the 1920s, printing money to pay its debts (including war reparations), but it was certainly the most spectacular example – the dollar was worth 50 marks in 1922 and 2.5 trillion marks in 1924.

Modified excerpt from The No-Nonsense Guide to World History by Chris Brazier; New internationalist 2011.
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s