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

Fergusson, Adam

Published by Old Street Publishing London 2010

About this Item

reprint stiff wrappers As New octavo xiv + 256pp., bibliog., index, 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.

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Bibliographic Details

• Title: When Money Dies : The Nightmare of Deficit Spending, Davaluation, and Hyperinflation in Weimar Germany
• Publisher: Old Street Publishing London 2010
• Binding: Soft cover