February 9, 2014
The Hyperinflation That Shook the World
Alexander Jung, Der Spiegel
The Associated Press
The current debt crisis in Europe evokes painful memories of the German hyperinflation. Price increases began with the start of World War I in 1914 and ended in disaster in 1923. The event still influences sentiment about monetary policy in the country today.
TAGGED: Global Economy, World War I