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'When Money Dies: The Nightmare of the Weimar Hyper-Inflation' by Adam Fergusson. |
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| Description | When Money Dies is a narrative history of the hyper-inflation crisis that brought the Weimar Republic to its knees in the 1920s, and helped to pave the way for the later ascendancy of the Nazi and other extremist political parties. Fergusson paints a terrifying and at times surreal picture of Germany in financial free-fall. At the height of the crisis, the republic was reduced to a barter economy: cigars, artworks and jewels were routinely exchanged for staples such as bread; a cinema ticket could be bought for a lump of coal; and a bottle of paraffin for a silk shirt. The Weimar government took a series of increasingly strange measures in response. The Bavarian PM submitted a Bill to the Reichsrat asking that 'gluttony' be made a penal offence (a glutton being 'one who habitually devotes himself to the pleasures of the table'), with repeat offenders incurring sentences of up to five years penal servitude. Fergusson masterfully brings these bizarre times to life, weaving expert economic analysis with anecdote and eye-witne ss accounts. | | Release Date | 2010 | | Author | Adam Fergusson | | Format | Dimensions 13.5x22.0x1.7 cm
256 pages
book | | Publisher | Old Street | | Subject(s) | Business & Economics / Economic Conditions
Business & Economics / Inflation
History / Europe / Germany |
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Last Updated
19/05/2024 at 04:00. |
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