German Hyperinflation Made A Loaf of Bread Cost 200 Billion Marks in 1923

Prior to World War One, Germany was a prosperous nation. In the decades since its unification, it had become an industrial powerhouse leading Europe in fields like chemicals, machinery, and optics. Its gold-backed currency traded at comparable rates to the British shilling, Italian lira, and French Franc (about 4-5:1 against …

Read MoreGerman Hyperinflation Made A Loaf of Bread Cost 200 Billion Marks in 1923