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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Tenchusatsu who wrote (1391555)2/16/2023 7:32:56 PM
From: Wharf Rat  Respond to of 1571929
 
Headed for hyperinflation, like 100 years ago?

A Single Bread Costs 4.6 Million During Germany's Hyperinflation in 1923
By Pen Cooper | February 25, 2016

The 1921--1924 hyperinflation happened mainly because of three things: the ongoing internal political instability in the country, the occupation of the Ruhr district by foreign troops, and when the Weimar (modern-day Germany) government printed too much banknotes to pay reparations after the 1923 French invasion. Because the banknotes were not matched by Germany's production, their value fell.

In 1922, a loaf of bread cost 163 marks. By September 1923, during hyperinflation, the price crawled up to 1,500,000 marks and at the peak of hyperinflation, in November 1923, a loaf of bread costs 200,000,000,000 marks.
Cash being sold by weight


historydaily.org