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The Downfall of Money
Germany's Hyperinflation and the Destruction of the Middle Class
Book • 2013
The Downfall of Money by Frederick Taylor explores the dramatic story of Germany's hyperinflation during the early years of the Weimar Republic.
The crisis saw the German mark plummet from 4.
2 to the dollar in 1914 to over four trillion by the autumn of 1923, leading to the destruction of the middle class and having lasting effects on German society.
Taylor's narrative delves into the political and economic factors that contributed to this financial meltdown, drawing parallels with contemporary economic anxieties.
The crisis saw the German mark plummet from 4.
2 to the dollar in 1914 to over four trillion by the autumn of 1923, leading to the destruction of the middle class and having lasting effects on German society.
Taylor's narrative delves into the political and economic factors that contributed to this financial meltdown, drawing parallels with contemporary economic anxieties.
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Mentioned in 1 episodes
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Joe Brown
TIP404: The Untold History of Money w/ Joe Brown
