This is correct.
Periods of hyperinflation were characterized by turmoil, devaluation of in country funds and a distrust in the current regime. Nearly all countries then saw the rise of a totalitarian regime:
As you said: Russia with the oust of the crown and the revolution turning it into a Leninist Country
Germany with an attempt to also set up communistic rule, but in the end it was the Nazi Regime, essentially a kind of German big deal who "nationalised" and seized goods from anyone not german enough...
"Germany went through the worst inflation in 1923. In 1922, the highest denomination was 50,000 Mark. By 1923, the highest denomination was 100,000,000,000,000 Mark. In December of 1923 the exchange rate from marks to US dollars was 4,000,000,000,000:1. During the worst times, one U.S. dollar was equal to 80 trillion Mark"
Hungary which saw a hyperinflation in the 40s then the totalitarian Horthy Regime and later the marxist regime was installed:
"The rate of inflation was 4.19 quintillion (4.19 x 10^18) percent. A special currency the adópengo - or tax pengo - was created for tax and postal payments.The value of the adópengo was adjusted each day, by radio announcement.
On January 1, 1946 one adópengo equaled one pengo.
By late July, one adópengo equaled 2,000,000,000,000,000,000,000 or 2×10^21 pengo.
When the pengo was replaced in August 1946 by the forint, the total value of all Hungarian banknotes in circulation amounted to one-thousandth of one US cent.
also see:
en.wikipedia.org |
