That is a helluva better than the German Reichsmark!
True! I only took the chart of the US dollar because there is one going back that long. There is no such chart for Germany. We have experienced:
- Gold mark starting in 1871 en.wikipedia.org
- Paper mark starting with WW I, 1914 en.wikipedia.org
This paper mark ended in hyperinflation, last note being a five trillion one:
- Reichsmark, 1924-1948 en.wikipedia.org
- Deutsche Mark (West Germany), 1948-2002 en.wikipedia.org
- In parallel the East German Mark, 1948-1989 en.wikipedia.org
- Euro, 2002-?
Six currencies in a bit more than a century!
Danny will have fun at your place. He can report first-hand from Berlin life. It's busy. Berlin is growing steadily, faster than new living space is being built. Thus flat rents are rising, they have about tripled in the past two decades and it gets more and more difficult for low-income people to live close to the center. Unemployment is shrinking, some qualified jobs are hard to fill with good applicants. My company is searching for IT staff and has 100 open positions which can't be filled. We get a reward of €1000 for any successful referral of a new colleague. One of the big problems of the city is its huge mountain of debt, about €60 billion (about $25,000 per person, not counting federal debt!) and no perspective how to ever pay it back. The city is saving on infrastructure. Roads are in a bad shape, train service (S-Bahn) is spotty, many schools are rotten. Nevertheless tourism is booming, 100 million visitors a year. |
