Downfall of Money: Germany's Hyperinflation and the Destruction of the Middle Class

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 Mon...