Hyperinflation in Germany 1919-1923
Marion Mueller from the Spanish Precious Metals Society (AEMP), in collaboration with the GoldMoney Foundation, visits the Bundesbank's Geldmuseum (Money Museum) in Frankfurt and explains Germany's post-WWI currency collapse and hyperinflation. She explains how Germany abandoned the gold standard to fight World War I and how the huge debt incurred and the large amounts of money printed lead to an inflationary spiral of disastrous consequences. Hyperinflation wipes out savings and thus destroys the middle class, leading to political radicalization and social unrest.
Have a look to our Video of the week:
http://www.youtube.com/watch?v=d8KrH3VPxx0
No comments:
Post a Comment