The Weimar Hyperinflation — 4.2 Trillion Marks Per Dollar (1923)
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The Weimar Hyperinflation — 4.2 Trillion Marks Per Dollar (1923)
In November 1923, one US dollar bought 4.2 trillion German marks. This is the story of how Germany's currency collapsed in a single year. The Treaty of Versailles imposed 132 billion gold marks in reparations on a country that had just lost a war. Then France occupied the Ruhr Valley — Germany's industrial heartland. The German government ...
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