The Inflation of 1923 (non-fiction, history, German history, 1920s, hyperinflation, money, printing money, First World War)

The specter of inflation is back – and the fear of currency devaluation is particularly fertile ground in Germany. The reason for this lies in German history. In its recent history, no other Western country has experienced hyperinflation on such a scale as Germany did 100 years ago. Although the contemporary witnesses are long dead, the stories from the time when a kilo of beef cost 2.6 trillion marks and grandmother heated the oven with million bills are still being told in almost every family to this day. The fears and hardships have burned themselves deep into the collective memory of the Germans. But how did that gigantic devaluation of money come about 100 years ago? What decisions by financial politicians and central bankers led to this? Why couldn't the government stop the spiral of inflation? And how did people experience this time in everyday life? Frank Stocker provides answers to these questions. He tells how the country first gradually and then more and more quickly fell into the maelstrom of monetary collapse, what caused it and what accelerated it, how those responsible struggled to find a way out and only found it very late. And he takes a look into the future: can something like this actually happen again? And are we perhaps already on the way there? Frank Stocker masterfully succeeds in sketching the political balance of power, explaining the financial policy decisions, illuminating the economic consequences and at the same time grasping the social climate. In 50 entertaining chapters, he approaches the biggest German financial catastrophe in such an exciting way that the reader forgets that he is holding a non-fiction book in his hands. The price is: fixed retail price Release date: 8/16/2022