HYPERINFLATION IN POST WORLD WAR 1 GERMNANY
WORLD WAR 1 GERMANY
In responding to one of the comments about my recent Hub about Congressman Ron Paul's Presidential campaign I recounted a story told to me a number of years ago by an old Austrian fellow describing his experience visiting Berlin during the 1923 - 24 hyperinflation in Germany. Following Germany's defeat in World War I, the government collapsed, the Kaiser (king) was forced to abdicate and a left of center, socialist style government was established. The economy and the country were in shambles following the loss of the war and the new government of, what historians refer to as the Weimar Republic, attempted to work its way out of the mess by printing money.