JOURNAL ARTICLE

German Inflation Trauma of 1923 Strikes an Uneasy Chord Today.

  • Published In: Bloomberg.com, 2023. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Wind, Sonja; Randow, Jana 3 of 3

Abstract

(Bloomberg) -- By late-1923, hyperinflation had rendered Germany's currency so worthless that one woman used several billion marks of banknotes to fashion a dress for carnival. For the poor, the spike in inflation has been particularly pronounced, with food costs - which make up a bigger chunk of their spending than they do the wealthier households - jumping at twice the pace of overall prices. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2023/08, pN.PAG
  • Document Type:Product Review
  • Subject Area:History
  • Publication Date:2023
  • Accession Number:170713656
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