When Money Dies: The Nightmare of Deficit Spending, Devaluation, and Hyperinflation in Weimar Germany

by Adam Fergusson and Fergusson Adam

Book Overview

When Money Dies is the classic history of what happens when a nation's currency depreciates beyond recovery.In 1923, with its currency effectively worthless (the exchange rate in December of that year was one dollar to 4,200,000,000,000 marks), the German republic was all but reduced to a barter economy. Expensive cigars, artworks, and jewels were routinely exchanged for staples such as bread; a cinema ticket could be bought for a lump...

• Format: Paperback
• Language: English
• ISBN: 1586489941
• ISBN13: 9781586489946
• Release Date: October 2010
• Publisher: PublicAffairs
• Length: 288 Pages
• Weight: 0.65 lbs.
• Dimensions: 0.9" x 5.4" x 8.2"