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1923: Hyperinflation in Germany
Bruner, Robert F.; De Notto, ChristopherTechnical Note DARDEN-F-1965-EFinanceIn the 1920s, Germany experienced one of the most severe episodes of hyperinflation in history. The episode originated in military defeat and revolution, produced instability that figured prominently in the onset of the Great Depression, and created policy dilemmas that present cautionary lessons for leaders in business and government. This note examines the causes, dynamics, and consequences of Germany’s hyperinflation in 1923. Hyperinflation i...Starting at €8.20