Excellent article! Best I have ever read on the subject of Germany’s hyperinflation.
Excellent article! Best I have ever read on the subject of Germany’s hyperinflation.
Excellent article! Best I have ever read on the subject of Germany’s hyperinflation.
By mid-1923 workers were being paid as often as three times a day. Their wives would meet them, take the money and rush to the shops to exchange it for goods. However, by this time, more and more often, shops were empty. Storekeepers could not obtain goods or could not do business fast enough to protect their cash receipts. Farmers refused to bring produce into the city in return for worthless paper. Food riots broke out. Parties of workers marched into the countryside to dig up vegetables and to loot the farms. Businesses started to close down and unemployment suddenly soared. The economy was collapsing.
That's going to go over like a lead balloon, here in the ARMED United States of America.