Germany’s postwar recovery was a precarious balancing act, dependent on American loans, reparations payments, and temporary economic booms. Hyperinflation in 1923 obliterated savings and faith in ...

Hyperinflation describes an unsustainable period of economic dysfunction characterized by price increases of at least 50% per month. These times of rapid, intense and destructive currency devaluation ...

In the early 1920s, the value of the papiermark (the native currency of the Weimar Republic of Germany) lost almost all of its purchasing power, causing tremendous instability within Weimar for many ...