The Downfall of Money: Germany’s Hyperinflation and the Destruction of the Middle Class
Sep 2013 · Bloomsbury Publishing USA
star
1 review
Ebook
432
Pages
About this ebook
An economic horror story: The complete meltdown of a major modern country's financial system, and its disastrous effects on every aspect of society.
A hundred years ago, many theorists believed-just as they did at the beginning of our twenty-first century-that the world had reached a state of economic perfection, a never before seen human interdependence that would lead to universal growth and prosperity. Then, as now, the German mark was one of the most trusted currencies in the world. Yet the early years of the Weimar Republic in Germany witnessed the most calamitous meltdown of a developed economy in modern times. The Downfall of Money will tell anew the dramatic story of the hyperinflation that saw the mark-worth 4.2 to the dollar in 1914-plunge until it traded at over 4 trillion to 1 by the autumn of 1923.
The story of the Weimar Republic's financial crisis clearly resonates today, when the world is again anxious about what money is, what it means, and how we can judge if its value is true. It is a trajectory of events uncomfortably relevant for our own uncertain world.
Frederick Taylor-one of the leading historians of Germany writing today- explores the causes of the crisis and what the collapse meant to ordinary people and traces its connection to the dark decades that followed. Drawing on a wide range of sources and accessibly presenting vast amounts of research, The Downfall of Money is a timely and chilling exploration of a haunting episode in history.
A hundred years ago, many theorists believed-just as they did at the beginning of our twenty-first century-that the world had reached a state of economic perfection, a never before seen human interdependence that would lead to universal growth and prosperity. Then, as now, the German mark was one of the most trusted currencies in the world. Yet the early years of the Weimar Republic in Germany witnessed the most calamitous meltdown of a developed economy in modern times. The Downfall of Money will tell anew the dramatic story of the hyperinflation that saw the mark-worth 4.2 to the dollar in 1914-plunge until it traded at over 4 trillion to 1 by the autumn of 1923.
The story of the Weimar Republic's financial crisis clearly resonates today, when the world is again anxious about what money is, what it means, and how we can judge if its value is true. It is a trajectory of events uncomfortably relevant for our own uncertain world.
Frederick Taylor-one of the leading historians of Germany writing today- explores the causes of the crisis and what the collapse meant to ordinary people and traces its connection to the dark decades that followed. Drawing on a wide range of sources and accessibly presenting vast amounts of research, The Downfall of Money is a timely and chilling exploration of a haunting episode in history.
An economic horror story: The complete meltdown of a major modern country's financial system, and its disastrous effects on every aspect of society.
A hundred years ago, many theorists believed-just as they did at the beginning of our twenty-first century-that the world had reached a state of ec...
Discover more
Ratings and reviews
1 review
About the author
Frederick Taylor is the author of the acclaimed bestsellers Dresden and The Berlin Wall, both of which have appeared in many languages, and also edited and translated The Goebbels Diaries 1939–1941. He has lectured all over the world and appeared in several major television documentary series, including most recently the History Channel's The Rise and Fall of the Berlin Wall and PBS's The Wall: A World Divided. He is a fellow of the Royal Historical Society and lives in Cornwall, England.
Frederick Taylor is the author of the acclaimed bestsellers Dresden and The Berlin Wall, both of which have appeared in many languages, and also edited and translated The Goebbels Diaries 1939–1941. He has lectured all over the world and appeared in several major television documentary series, in...
Rate this ebook
Tell us what you think.
Reading information
Smartphones and tablets
Install the Google Play Books app for Android and iPad/iPhone. It syncs automatically with your account and allows you to read online or offline wherever you are.
Laptops and computers
You can listen to audiobooks purchased on Google Play using your computer's web browser.
eReaders and other devices
To read on e-ink devices like Kobo eReaders, you'll need to download a file and transfer it to your device. Follow the detailed Help Center instructions to transfer the files to supported eReaders.
