4min chapter

Odd Lots cover image

Zach Carter on the Real Story of Weimar Hyperinflation

Odd Lots

CHAPTER

The Indefolk History of Wymar Germany

Wymor germany has its ups and downs, like the rest of europe over this period. The financial turmoil of the early 19 thirties that really unwinds things is what brings the noes to power. There's been deflation for much of the 19 twenties, but it accelerates dramatically in 19 30 and 19 31 withthe lapse of the european financial system. This is also happening in the united states. In the sort of latter stage of the gold standard, by 19 thirtyis everybody's back on gold. But suddenly, with this financial crisis, everybody's wrecked. And the gold standard is gone, and you have a period of absolutely crushing deflation that

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