Haverhill Public Library

The downfall of money, Germany's hyperinflation and the destruction of the middle class, Frederick Taylor

eng

Includes bibliographical references (pages 393-398) and index

illustrations

index present

non fiction

The downfall of money

bibliography

827256847

Frederick Taylor

Germany's hyperinflation and the destruction of the middle class

"A hundred years ago, many theorists believed ... that the world had reached a state of economic perfection, a never-before-seen human interdependence that would lead to universal growth and prosperity. At the time, 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 collapse of a developed economy in modern times. [This book explores] 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"--Dust jacket flap

Introduction -- Finding the Money for the End of the World -- Loser Pays All -- From Triumph to Disaster -- 'I Hate the Social Revolution like Sin' -- Salaries Are Still Being Paid -- Fourteen Points -- Bloodhounds -- Diktat -- Social Peace at Any Price? -- Consequences -- Putsch -- The Rally -- Goldilocks and the Mark -- Boom -- No More Heroes -- Fear -- Losers -- Kicking Germany When She's Down -- Fuhrer -- 'It Is Too Much' -- The Starving Billionaires -- Desperate Measures -- Everone Wants a Dictator -- Breaking the Fever -- Bail-out -- Afterword: Why a German Trauma? -- Appendix: Timeline of Key Events -- Notes -- Bibliography -- Acknowledgements -- Index

Down-fall of money