thatswhywelovegermany: “mornyavie: “ thatswhywelovegermany: “ 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,... thatswhywelovegermany: “mornyavie: “ thatswhywelovegermany: “ 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,... thatswhywelovegermany: “mornyavie: “ thatswhywelovegermany: “ 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,... thatswhywelovegermany: “mornyavie: “ thatswhywelovegermany: “ 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,... thatswhywelovegermany: “mornyavie: “ thatswhywelovegermany: “ 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,... thatswhywelovegermany: “mornyavie: “ thatswhywelovegermany: “ 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,... thatswhywelovegermany: “mornyavie: “ thatswhywelovegermany: “ 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,... thatswhywelovegermany: “mornyavie: “ thatswhywelovegermany: “ 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,... thatswhywelovegermany: “mornyavie: “ thatswhywelovegermany: “ 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,... thatswhywelovegermany: “mornyavie: “ thatswhywelovegermany: “ 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,...

thatswhywelovegermany:

mornyavie:

thatswhywelovegermany:

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
image
image

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.

(as is usual in my conversations, there’s an xkcd about this)

Will the 1920s return in the 2020s?