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are you complaining about the pricew constantly going up
then you might want to watch this video about one of the most
unbelievable cases of hyperinflation in history!
That is hyperinflation in Germany in the 1920s
where is some point prices doubled almost every four days!
hyper-inflation occurs when the inflation rate increases very
rapidly
resulting in prices going up very fast and the currency losing its value
quickly.
One of the most amazing hyper-inflation cases in history
happened in Germany in the 1920s. As the result of World War I,
the German Papier Mark started to lose its value and this process accelerated
in 1920s. In 1923
prices eventually run out of control. The prices went up so much that people were
forced to spend billions of Marks on the daily items
and were dizzied by the amount to zeros involved.
As an example, a loaf of bread which cost 250 Marks in January 1923,
rose to 200,000 million Marks in November 1923.
Or a newspaper that was sold for 1 Mark
in May 1922, had a price tag at 70 million Marks
in November 1923! It was cheaper to use the bac of the 1 million Mark
to write notes, as a notepad but cost billions of Marks.
Some had to use wheelbarrows filled with cash to get a cup of coffee!
At restaurants, customers had to negotiate the price of the food in
advance
as there was a good chance that the price could change before the meal was
served!
Most restaurants did not put the price on menus because by the time the food would arrive
the price had already gone up! At some point the situation got so bad that the
prices with doubling
almost every 4 days. There is evidence that it was cheaper to burn marks
instead of wood or coal!
Some used Marks instead of wallpaper to decorate their walls!
Children also used bundles of Marks
instead of toy bricks. Workers also had to negotiate their wages
almost on a daily basis. Some had to use a scale to count the weight of their money
to get its value.
It was difficult to count all the bills! Workers were paid twice a day
so they could spend the money quickly before it lost its value!
Many collected their wages and suitcases.
One person who left his suitcase unattended
found the thief had stolen the suitcase but not the money!!
After collecting their wages, workers would quickly rush to either buy daily
goods
or pass the money to their family so that they'd spend it before its value
has gone down.
The German government eventually managed to stabilize the situation
by taking a number of initiatives including cutting twelve zeros from the
Papier Mark,
replacing it with a new currency called Retten mark.
However, the economic pressure on Germans eventually contributed to the
rise of the Nazi Party
that use Germans dire economy
to attract public support and eventually gain power.