German children playing with worthless money at the height of hyperinflation. By November 1923, one US dollar was worth 4,210,500,000,000 marks
Wednesday, 12 Mar 2025
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[This chart](https://imgur.com/a/n0JHjSt) shows how insane the inflation was. A college professor said his salary was 10,000 marks paid once a month; two years later it was 10 million marks paid *twice a day*.
How does a country reverse hyperinflation??
Big reason why Hitler and the Nazi party had managed to get so much support.
That’s why the Allied forces decided to support civilians and the German economy after WW2.
Learned about the Weimar republic in highschool, money was so worthless it was also used to make wallpaper with and some workers often ask to be paid with things like food or tools instead of actual money.
We learned about it because it helped us understand how Hitler came to power. The treaty of Versailles was draining Germany dry at the expense of it’s people, so when a man with a lil moustache came along saying “The government sucks, the Jews are hoarding money, give me power and I’ll fix it” it’s easier to understand why Germans voted him in
But, were the eggs expensive? We exist in an egg economy.
We had approximately 20% inflation during the pandemic, we complained but imagine if this happened to us in America
Reparations is a dirty political tactic
Imagine the money spreads they could hit
So if someone were to hoard all this worthless money. What happens after it returns to normal? Is it invalid money now?
I don’t know if true but I remember learning this in school and people would steal the baskets holding money and leave the money behind cause the basket was worth more.
Hyperinflation is no joke. When learning about it at school we read about the people in Weimar burning money for warmth. It put into perspective how redundant saving can be when inflation gets out of the control. Those who borrowed large amounts of money before the hyperinflation hit were the real winners.
Nowhere near as bad but something similar happened in Russia in 1992/1993. When we travelled we had to bring dollars, all in singles. Cant remember exactly but something like 900 rubles to a dollar. We kept our money in the fridge in the hotel. Levis jeans were also considered currency but illegal. V odd place back then.
German restaurant near me had million mark notes in a display
They were Nazis, Dude?
Buy the dip!
Diamond hands!
And this is how the nazis took power, by playing on the people’s fears of a bad economy, saying it was all the other side’s fault, and promising to fix it all while blaming other peoples and scheming about doing horrible things to minority groups in the process.
Sound familiar?
It’s really insane how the “The Versailles Treaty destroyed Germany !” narrative is still going strong a century later, when half the Treaty wasn’t enforced and Germany was allowed graces times and times again on its payments.
When Germany forced on France a few decades prior the most brutal reparations plan in history, it didn’t go into a delusional genocide and worldwar…
And now it’s going to be the other way around!
Can someone spell that out for me
No diamond hands there #stonks
Good way to pay off that debt
u know something’s wrong with ur currency when even kids play with them
This. This right here is exactly how you control large swaths of people.
I was listening to a podcast and one person said you needed a wheelbarrow full of money just for a loaf of bread
during this period it was cheaper to burn the money instead of wood for heating. They also used the money as insulation in construction
Will US children play like that one day with dollars when sh_t hits the fan in the USA…?🤔
How and when do shopkeeper decide to rise prices in cases of hyper inflation
More trillionaires than any other nation!
and this, children, is part of the reason why Hitler was able to do what he did
Repeat after me: inflation is in all places and all times a monetary phenomenon.
This is how you game the system, so it’s easy to pay back war reparations.
Plural of Mark is Mark.
How much of that is still hanging around? Would be interesting to get a bundle.
So 1 1923 mark is roughly 1 2024 dollar
Will we be seeing the inverse with Bitcoins?
and people think the USD is immune from this
One thing that led to WW2 and the support and rise of Hitler
If you have a mortgage during hyperinflation, can’t you pay it off really quickly?
Assuming you can keep your pay check and food on the table. It seems like those with lines on assets make out well, no?
Also worthy of note, inflation was so bad that German workers demanded to be paid twice a day.
I have a feeling history is going to repeat itself.
Foreshadowing
₿ITCOIN is the answer…………………………..
Wow it’s like building blocks 👀
I remember this picture from a history textbook we had at school. It talked about people using money as wallpaper or fuel.