Jimmy Akin's Mysterious World cover image

The Mystery of Inflation (Pocketbook Pain!)

Jimmy Akin's Mysterious World

CHAPTER

How Did Hyperinflation Affect People's Daily Lives?

A newspaper that cost one mark in 19 22 went up to 70 million marks by the end of 19 23. At this point, prices were doubling every four days. You might start your day by reading a newspaper, but if you wanted to buy a coffee on the way into work, you sometimes had to use a wheelbarrow full of cash to pay for the coffee. Once you got to work, you needed to negotiate a raisebe s the money was being valued every day, so you'd need a new raise every day. While you were at work, you would use money as scratch paper to write on because it was cheaper than buying a note pad and taking notes on it. Back

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner