Hyperinflation in Germany Explained
The video gives the common IMF definition as prices rising more than 50 percent in a month.
Video coming soon. The lesson video will appear here once it is published on YouTube.
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1.By the definition used by the IMF, hyperinflation begins when prices rise by more than what?
The video gives the common IMF definition as prices rising more than 50 percent in a month.
2.In a worked example with prices rising exactly 50 percent every month, what does a loaf costing 1 cost after a year?
In the worked example, 1.5 to the power of 12 is about 129.75, so the loaf costs about 130.
3.What does the video say about the myth that the government simply printed too much money?
The video says money printing responded to deep problems such as war debts, reparations and the Ruhr occupation.
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Sources (6)
- IMF Finance & Development, June 2003: Carmen M. Reinhart
- Deutsche Bundesbank: Inflation, Lehren aus
- Deutsches Historisches Museum, LeMO: Inflation 1923
- DHM, LeMO: Waehrungsreform 1923
- Deutsches Historisches Museum, Numismatik: Reichsbanknote 1 Billion Mark, 1923 (Inv.-Nr. N 90/3988)
- Eigene Berechnung (synthetische Rechenbeispiele)
Education only. Not financial advice.