It’s Only Paper — Hyperinflation in Weimer Germany (1923)

1923_germany_hyperinflation_After World War I the Kaiser was kicked out of Germany, the German Empire was dismantled, and a new German republic was formed. The new “Weimer Republic” was certainly in a financial pickle. The government had no gold, then considered the standard of wealth for nations. After four years of war the German treasury had been emptied and replaced with tremendous debts. Continue reading