Support for the Soldiers’ Councils which were forming in every unit stemmed from the financial hardships experienced by many of the soldiers and their families. 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. This book covers the Wiemar inflationary spiral, although not in as much detail as 'When Money Dies' (Fergusson) or 'The Downfall of Money' (F. Rate this book When Money Dies is the classic history of what happens when a nation’s currency depreciates beyond recovery. When money dies : the nightmare of the Weimar collapse / by Adam Fergusson. #4 The German revolution, which began as a military mutiny against the bungling of the Army’s leaders, had economic origins as well. This book was originally published in1974 but the issues and theories on inflation haven't gone away. Author: Fergusson, Adam, 1932- Format: Book 256 p. If prices went up, people demanded not a stable purchasing power for the marks they had, but more marks to buy what they needed.

It was caused by the Reichsbank’s creed of Mark gleich Mark - paper or gold, a mark is a mark is a mark. #3 The German inflation was both internal and external. Product Details When Money Dies is the classic history of what happens when a nation’s currency depreciates beyond recovery. Inflation exacerbated every problem, ruined every opportunity for national revival, and eventually produced the conditions in which extremists of Right and Left could raise the mob against the State. #2 In the winter of 1918-1919, the German, Austrian, and Hungarian economies underwent political revolutions following the deprivations of wartime and the crushing military defeat. The mark’s fall began gradually in the war years, 1914-1918, and accelerated in the 1920s. By the end of 1923, the mark had fallen almost ten times its size. #1 The German mark, the British shilling, the French franc, and the Italian lira were all worth about the same in 1913.

Please note: This is a companion version & not the original book.

When money dies book