📉 Hyperinflation

 

 When the first signs of hyperinflation hit the Wiemar Republic in early 1921 the national mood was not one of fear or dread but mass excitement and hope.

Everyone thought they were getting rich! People sold their houses for twice what they had brought them for just months before, the stock market exploded in value to the point where even janitors were sharing stock tips; people were even selling the furniture out of their homes because it doubled in value overnight. 

The nation was convinced that the  had recovered from the war entirely. This zeitgeist lasted until 1922; by the end of 1922, 500,000 Marks were equal to $1 USD and everyone who sold their furniture or invested in German stocks or sold their house was dead broke.

 

 

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