When Money Dies
The Nightmare of Deficit Spending, Devaluation, and Hyperinflation in Weimar Germany
by:
Adam Fergusson
in:
European History
Summary:
The book provides a detailed historical account of the hyperinflation crisis in post-World War I Germany, examining its causes, the government's deficit spending, and the devastating impact on German society. It delves into the economic and social chaos that ensued, including the erosion of savings, the collapse of the currency, and the broader implications for the stability of the Weimar Republic.
Key points:
1. Hyperinflation: The book details Weimar Germany's post-WWI hyperinflation, caused by the government printing money to pay war debts, leading to skyrocketing costs of goods and services.
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