That’s why Germans panic on hearing the word “inflation”
Hyperinflation during the early period of the Weimar Republic:
January 31, 1920: 1 US-Dollar = 42 Reichsmark (RM)
October 21, 1922: 1 US-Dollar = 4,439 RM
January 31, 1922: 1 US-Dollar = 49,000 RM
August 8, 1923: 1 US-Dollar = 4,860,000 RM
September 7, 1923: 1 US-Dollar = 53.000.000 RM
October 3, 1923:
1 US-Dollar = 440.000.000 RM
October 11, 1923:
1 US-Dollar = 5.060.000.000 RM
October 22, 1923:
1 US-Dollar = 32.150.000.000 RM
November 3, 1923: 1 US-Dollar = 418.950.000.000 RM
November 9, 1923:
1 US-Dollar = 628.500.000.000 RM
November 15, 1923: 1 US-Dollar = 4.200.000.000.000 RM
People were burning the banknotes in the oven because the paper heated more than the coal they were able to buy with the money.
An additional note: several these bank notes are marked with “Billionen” and/or “Milliarden.” I could be wrong, but I’m fairly certain that at this point (and I think today?) “Milliarde” actually translated to the English billion. “Billion” was kicked up the ladder to trillion. Unless I’m mistaken, that final note, then, is for 100 trillion marks. The GDP of the entire USA today is around 20 trillion US dollars.
toured mark twain’s house today and it was really cool and fun and i think we should keep painting geometric designs with metallic paint on walls to reflect more light
i’m also completely obsessed with the metallic gold Candace Wheeler bee wallpaper that was in one of the rooms. the bees & leaves were on the walls and the webs were on the ceiling
