One hundred years ago, Germany was hit by hyperinflation, which had a devastating impact on the lives of people in the country and ultimately on the political sphere. DW's chrisseleh shows how the Weimar Republic recovered from the crisis.
began to store potatoes in the guestroom she and her husband had sublet to a tenant. Only a narrow path remained from the door to the bed, showing just how desperate everyone was to hold onto what little food they could get.To cope with the situation, the Reichsbank issued more and more bills, driving the inflation even further.
So much paper: millions of worthless marks stacked in the Reichsbank during hyperinflation in the Weimar RepublicIt took a new Reichsbank president to combat inflation. He stopped printing money and introduced a new currency, the"Roggenmark" . As an alternative currency, Jutta Hoffritz explains, the rye mark was intended to regain the confidence of the population and was partly backed by German farmers and agricultural landowners.
Hoffritz calls this"a magic trick." After all, no one in Germany could have gone to the bank with their rye mark and exchanged their bank notes for land. But since no one tried to, the illusion remained intact. The currency remained stable and was accepted as a means of payment as prices fell. In her book"Dance of the Dead", published by Harper Collins Germany, Hoffritz writes about the consequences of hyperinflationToday, the situation is different, Hoffritz tells DW. There are a few analogies, of course:"High inflation or even hyperinflation often has something to do with a war," she says, referring to the
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